15 Dec 2010
Press Statements & Speeches
JOINT PRESS RELEASE
Following the joint press release issued on 5 August 2010, Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei), both members of the World Trade Organisation (WTO), have completed their respective feasibility studies and concluded that an economic cooperation agreement between the two sides would offer significant mutual benefits.
Delegations from the Singapore Trade Office (STO) in Taipei and the Taipei Representative Office (TRO) in Singapore met for the first time in Singapore from 9 to 10 December 2010.
Formal negotiations under the title "Agreement between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Partnership" (ASTEP) are scheduled to begin early next year. Both sides also agreed that priority areas may be accorded expedited treatment in the negotiations.
SINGAPORE TRADE OFFICE IN TAIPEI
TAIPEI REPRESENTATIVE OFFICE IN SINGAPORE
15 December 2010