Singapore Completes Trade Negotiations to Join Pacific Alliance

Singapore recently completed negotiations with Chile, Colombia, Mexico and Peru on the Pacific Alliance-Singapore Free Trade Agreement, the Hong Kong Trade Development Council reported Aug. 4. The treaty is expected to be signed in December, making Singapore the Pacific Alliance's first Asia-Pacific associate state and allowing it access to the world’s eighth-largest exporting bloc, HKTDC said. Singapore's exporters are expected to benefit from tariff concessions, faster market entry and preferential market access.