Singapore based service companies to benefit from upgrades to the China – Singapore Free Trade Agreement (CSFTA)
The governments of Singapore and China have recently agreed to renegotiate and upgrade the terms of their Free Trade Agreement (FTA). The upgraded FTA will further liberate the terms of engagement when it comes to trade in goods and services between these two jurisdictions.
Singapore yet again grabbed the top spot in this year’s Business Environment Rankings released recently by the Economist Intelligence Unit (EIU).
Singapore has held on to its distinguished top rank for seven consecutive years. Switzerland took second place while its closest competitor in the region Hong Kong came in fourth. While New Zealand made it in to the top ten – by moving from its previous 11th place ranking into 9th, Germany slipped to the 12th spot from its prior 10th.