Singapore Investment Protection Agreement

On the eve of the European Parliament`s vote on the new investment treaty between Singapore and the European Union, SOMO is publishing a risk analysis for the management of government bonds and financial flows. The analysis explains the negative impact of PPI on the political flexibility of the EU and Singapore to deal with financial instability and prevent financial crises. Singapore has signed agreements with Colombia, Burkina Faso, Côte d`Ivoire, Kenya, Mozambique, Nigeria and Rwanda (green areas on the map above), but these agreements are not yet in force. You can contact MTI ( for any requests regarding these agreements. On 19 October 2018, three agreements were signed between the parties, the EU-Singapore trade agreement, the EU-Singapore Investment Protection Agreement and the Framework Partnership and Cooperation Agreement. [5] [6] The agreement was approved by the European Parliament on 13 February 2019. [7] On November 8, 2019, it was announced that the agreement will enter into force on November 21, 2019. This comes after the Council of the European Union approved the agreement. [1] The separate investment protection agreement must also be approved individually by each EU member state. In a bilateral context or an “investment guarantee agreement” (IGA), the IIA (also known as the ILO bilateral investment agreement) promotes greater investment flows between two signatory states and sets standards for the protection of investments made in one country by investors from the other country. The EU-Singapore Free Trade Agreement (an acronym for EUSFTA) is a free trade agreement signed and ratified between the European Union and Singapore. [1] [2] Bilateral free trade and investment agreements between the European Union and Singapore.

The EEA has been under negotiation since March 2010 and its text has been available to the public since June 2015. [3] Negotiations on goods and services were concluded in 2012 on investment protection on 17 October 2014. [4] The agreement is supposed to be the first free trade agreement with a member of the Association of Southeast Asian Nations and the third with an Asian country after South Korea and Japan from the EU`s point of view. Singapore is the EU`s 14th largest trading partner. According to an opinion of the European Court of Justice (ECJ) in Luxembourg, the initial AEE was a so-called joint agreement. The opinion was requested by the European Commission, which asked whether the EU institutions were the only ones entitled to conclude the agreement without the Member States being contracting parties. [8] The Court`s opinion led the European Commission to divide the agreement into a free trade agreement and an investment protection agreement. For the free trade agreement to enter into force, the EU (parliament and council) and Singapore must ratify the agreement. On 13 February 2019, the European Parliament approved both the free trade agreement and the investment protection agreement, and the free trade agreement is expected to enter into force as soon as possible. [7] [9] SOMO and seven other NGOs sent a joint letter to the multinational mining company Rio Tinto to formally complain about the lack of response to questions posed by shareholders and agents at the company`s annual general meeting… An analysis of the impact on the management of government bonds and capital flows will tell you about each EU country`s exports to Singapore.