Singapore and Australia first signed the Singapore-Australia Free Trade Agreement (SAFTA) in 2003 to strengthen trade and commerce ties between the two countries.
As Australia’s second oldest free trade agreement (FTA), after Australia’s first bilateral agreement signed with New Zealand in 1983, the FTA has undergone several rounds of amendments throughout the years – namely in 2006, 2007, 2011, 2017, and 2020. These amendments cleared some discrepancies in earlier agreements and reflected changes in legislation that promises fair treatment to businesses and investors from both countries.
Find out how this FTA affects businesses from both countries on the below points:
1. Market access for Service industries
2. Education recognition
3. Better Investor protection
4. Government procurement
Read the full article here.
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