16 Oct 2019
China-Singapore Free Trade Agreement (CSFTA) Upgrade Protocol
The China-Singapore Free Trade Agreement (CSFTA) Upgrade Protocol will take effect from 16 October 2019* onwards. The upgraded CSFTA will provide Singapore businesses with improved market access to the Chinese market, enhanced investment protection, as well as simplified customs procedures. Find out more about the CSFTA from the attached infographic below or contact firstname.lastname@example.org for more information.
The Ministry of Trade & Industry (MTI) has also put up a post about the upgraded CSFTA on their Facebook page for your reference. You may access the Facebook post here.
With the newly upgraded protocol, ASPRI believes that it would be a good opportunity for member companies to consider venturing their business further into China. This would also help to deepen Singapore’s trade and investment linkage with China.
*except for the articles relating to Rules of Origin, which will take effect on 1 January 2020.