AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.20 Increased By ▲ 0.16 (0.13%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.48 Decreased By ▼ -0.03 (-0.67%)
DCL 8.58 Increased By ▲ 0.03 (0.35%)
DFML 41.72 Increased By ▲ 0.28 (0.68%)
DGKC 87.40 Increased By ▲ 0.55 (0.63%)
FCCL 32.35 Increased By ▲ 0.07 (0.22%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.49 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.70 Increased By ▲ 0.02 (0.14%)
KEL 5.08 Increased By ▲ 0.03 (0.59%)
KOSM 7.61 Increased By ▲ 0.15 (2.01%)
MLCF 41.40 Increased By ▲ 0.02 (0.05%)
NBP 59.50 Decreased By ▼ -0.91 (-1.51%)
OGDC 192.40 Increased By ▲ 2.30 (1.21%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.78 Decreased By ▼ -0.05 (-0.64%)
PPL 151.26 Increased By ▲ 1.20 (0.8%)
PRL 26.35 Decreased By ▼ -0.53 (-1.97%)
PTC 16.15 Increased By ▲ 0.08 (0.5%)
SEARL 83.50 Decreased By ▼ -2.50 (-2.91%)
TELE 7.79 Increased By ▲ 0.08 (1.04%)
TOMCL 35.48 Increased By ▲ 0.07 (0.2%)
TPLP 8.10 Decreased By ▼ -0.02 (-0.25%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.15 Decreased By ▼ -0.14 (-0.26%)
UNITY 26.29 Increased By ▲ 0.13 (0.5%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,985 Increased By 101.4 (1.03%)
BR30 31,147 Increased By 547.3 (1.79%)
KSE100 94,188 Increased By 832.7 (0.89%)
KSE30 29,173 Increased By 241.9 (0.84%)

A landmark trade deal between the EU and Singapore, a major hub for European businesses in Asia, will go into effect on November 21, a statement said on Friday.

Both sides have praised the deal as a strong rebuke to the rising protectionism that has been championed by US President Donald Trump in Washington.

Export powerhouse Singapore is by far the EU's largest trading partner in Southeast Asia, with a total bilateral trade in goods of over 53 billion euros ($59 billion) and another 51 billion euros of trade in services. European Commission President Jean-Claude Juncker hailed the deal as "a building block towards a closer relationship between Europe and one of the most dynamic regions in the world," a statement said.

S. Iswaran, Singapore's trade minister, said the deal's entry into force "is a strong signal by two like-minded partners on the need to continue upholding open and rules-based trade," Bloomberg reported.

The parties have also agreed an investment protection agreement, but this is the more controversial as it sets up a special court to decide business conflicts.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.