EU and Singapore agree FTA

The European Union and Singapore have successfully completed talks on FTA.  A draft agreement between the EU and Singapore is expected to be signed in the spring, once both sides have sought approval for the deal from their respective parliaments.

Under the agreement, the EU will remove tariffs on all imports from Singapore over five years, while Singapore will immediately allow duty-free access for all imports from the EU. 
The EU is the top destination for Singapore's exports.


(Source:  http://online.wsj.com/article/SB10001424127887324407504578184061043113852.html )