The EU and Singapore are exploring options to step up cooperation in the areas of digital economy and research & innovation, as announced in September 2021 in the EU Strategy for cooperation in the Indo-Pacific.
The comprehensive EU-Singapore Free Trade Agreement (EUSFTA) has been in force since November 2019. A joint statement to strengthen the bilateral partnership on digital trade was issued in December 2021 at the inaugural Trade Committee meeting under the EUSFTA. The EUSingapore Investment Protection Agreement (EUSIPA) and Partnership and Cooperation Agreement (ESPCA) – signed in October 2018 – will enter into force once the ongoing ratification by all EU Member States has been completed.
The ESCPA will strengthen political dialogue with Singapore and enhance cooperation in a broad range of areas, while the EUSIPA will further foster the strong investment ties between the EU and Singapore.
The EU has been stepping up its security engagements with Singapore and like-minded
partners in the Indo-Pacific. In early 2021, it extended the Enhanced Security Cooperation In and With Asia (ESIWA) project to the city-state offering collaboration in cyber security, counterterrorism, maritime security and crisis management.