Chile, Colombia, Mexico and Peru sign a Free Trade Agreement with Singapore

At the XVI Summit of Presidents of the Pacific Alliance, the trade ministers of Chile, Colombia, Mexico and Peru, on the one hand, and that of Singapore, on the other, signed the Free Trade Agreement, whose negotiations ended in July 2021.

Now this instrument must comply with the procedures before the legislative bodies of each of the countries, and, in the case of Colombia, must subsequently be endorsed by the Constitutional Court.

The Agreement includes 25 chapters on disciplines, such as: market access for goods, sanitary and phytosanitary measures, rules of origin, technical barriers to trade, economic and customs cooperation, trade facilitation, investment, electronic commerce, cross-border trade services, maritime services, telecommunications, temporary entry of business people, state companies, public procurement, competition policy, good regulatory practices, gender, SMEs, and legal and institutional issues.