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The EU-Singapore IAP is subject to the 2/15 opinion of the Court of Justice. On 16 May 2017, the Tribunal ruled that the Treaty was within the exclusive jurisdiction of the EU, with the exception of certain provisions that fall within the eu`s intermediary jurisdiction between the EU and its Member States. These include provisions relating to the protection of investments related to portfolio investments and ISDS. The IAP is setting up an investment judicial system that follows the EU proposal in its recent bilateral agreements. Key elements of EU-Singapore trade and investment agreements Under the trade agreement, Singapore will remove all remaining tariffs on EU products. The agreement also offers new opportunities for EU service providers, particularly in areas such as telecommunications, environmental services, engineering, IT and shipping. It will also make the business environment more predictable. The agreement will also provide legal protection for 138 iconic European food and beverage products known as geographical indications. Singapore is already the third destination for this kind of European specialties. Singapore has also expressed its readiness to remove trade barriers in addition to tariffs in key sectors, such as recognising EU safety tests for cars and many electronic devices or accepting labels used by EU textile companies. For the free trade agreement to enter into force, the EU (parliament and council) and Singapore must ratify the agreement. On 13 February 2019, the European Parliament approved both the free trade agreement and the investment protection agreement, and the free trade agreement is expected to enter into force as soon as possible. [7] [9] Following an opinion by the European Court of Justice (ECJ) in Luxembourg, the original AEE was a so-called mixed agreement.

The opinion was requested by the European Commission, which asked whether the EU institutions were the only ones entitled to conclude the agreement without the Member States being contracting parties. [8] The Court`s opinion led the European Commission to divide the agreement into a free trade agreement and an investment protection agreement. On 12 December 2018, the European Parliament approved the EU-Japan Economic Partnership Agreement (JEEPA) following a similar decision by the Japanese parliament. Since JEEPA does not cover investment protection or ISDS, parliamentary ratification by the two partners paves the way for its entry into force on 1 February 2019. Negotiations between the EU and Japan for a possible investment protection agreement are continuing. In the proposed agreement, the European Union also included a reformed proposal for the investment justice system and stated that “it is clear that there can be no return to the old style of ISDS”. Singapore is by far the EU`s largest trading partner in the Southeast Asian region, with bilateral merchandise trade of more than 53 billion euros and an additional 51 billion euros in services trade. More than 10,000 EU companies are based in Singapore and use it as a hub for the entire Pacific.

Singapore is also the most important site for European investment in Asia, with a rapid increase in investment between the EU and Singapore in recent years: in 2017, bilateral investment stocks reached 344 billion euros. The separate investment protection agreement must also be approved individually by each EU member state. On 19 October 2018, Singapore and the European Union signed political and trade agreements, as well as the EU-Singapore Investment Protection Agreement (IAP). The texts are supposed to be constituent elements of similar ASEAN-EU agreements. The EU-Singapore Free Trade Agreement (an acronym for EUSFTA) is a free trade agreement signed and ratified between the European Union and Singapore. [1] [2] Bilateral free trade and investment agreements between the European Union and Singapore. The EEA has been under negotiation since March 2010 and its text has been available to the public since June 2015. [3] Negotiations on bi