Singapore inks free-trade agreement with Taiwan

After two years of talks.

According to a report by Bloomberg, Taiwan signed its biggest trade deal yet with a country that has diplomatic ties with Beijing, as the island tries to integrate its economy with the rest of Asia’s and to diversify economic allies beyond China.

A free-trade agreement with Singapore, Taiwan’s fifth-biggest trade partner, was inked today in the southeast Asian city-state after two years of talks, according to Taiwan’s Ministry of Economic Affairs. The deal covers trade in goods and services, investment and government procurement, the ministry said.

Read full report here.

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