Revised FTA to boost bilateral ties

New agreement to improve market access for China, Singapore firms

Companies from Singapore and China will have greater access to each other's markets, especially in services trade, e-commerce and environmental protection areas, after the upgraded China-Singapore Free Trade Agreement took effect on Wednesday.

The upgraded version is projected to continuously enhance the well-being of businesses and people in the two countries and press ahead with the building of an open world economy, the Ministry of Commerce said in a statement on Tuesday.