IDEAS home Printed from https://ideas.repec.org/p/ris/dgtcen/2013_002.html
   My bibliography  Save this paper

The economic impact of the EU - Singapore Free Trade Agreement

Author

Abstract

This Chief Economist Special Report analyses the economic benefits of the recently negotiated agreement between the EU and Singapore. The results estimated in this paper suggest that the bilateral reduction of tariff and non-tariff barriers in services trade brings benefits for both sides: Singapore GDP is expected to increase by € 2.7 billion whereas the EU gains are assessed at € 550 million. In addition, EU exports to Singapore would rise by some € 1.4 billion and Singapore's exports to the EU by some € 3.5 billion. Given that this is the EU's first FTA with an ASEAN member country and the second one with a key Asian trading partner after the conclusion of the EU-Korea FTA, this agreement sets an important benchmark for future FTAs with countries in the region.

Suggested Citation

  • European Commission, DG TRADE, 2013. "The economic impact of the EU - Singapore Free Trade Agreement," DG TRADE Chief Economist Notes 2013-2, Directorate General for Trade, European Commission.
    • Handle: RePEc:ris:dgtcen:2013_002
    as

    Download full text from publisher

    File URL: http://trade.ec.europa.eu/doclib/docs/2013/september/tradoc_151724.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marjolein Derous, 2018. "Problematizations in the EU’s external policies: the case of Singapore as “the other”," Asia Europe Journal, Springer, vol. 16(4), pages 423-437, December.

    More about this item

    Keywords

    International Trade; Economic modelling; FTA;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:dgtcen:2013_002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zornitsa Kutlina-Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/dgtecbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.