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In the News: EU-Singapore FTA, Steel Imports, Textiles

Friday, February 15, 2019
Sandler, Travis & Rosenberg Trade Report

European Parliament approves free trade, partnership agreements with Singapore

“The EUSFTA eliminates duties, allowing 84 per cent of Singapore exports to enter the EU duty-free once it comes into force. This includes that on Asian food products and electronics. Tariffs on the remaining products, such as selected meat and seafood produce, will be removed in the third to fifth years after the pact has been ratified. Other benefits include having materials from Asean countries be deemed as originating from Singapore when incorporated into certain final products, enabling these items to quality for preferential tariff treatment as well.”

[Straits Times]

India could extend deadline on steel import rules for automakers

“Compliance to the new rules had been set for Feb. 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India’s auto industry, a federal minister has warned. … Auto companies want an extension until the end of 2019.”

[Reuters]

Uzbekistan to boost textile industry

“The decree … instructs the government, within three months, to develop and approve the concept of accelerated development of the textile and clothing-knitting industry for the period 2019-2025. Under the concept Uzbekistan should be able to reprocess all the produced cotton domestically and increase the export volumes of textile products to 7 billion U.S. dollars per year by 2025, according to the document. The decree also provides various stimulating measures for enterprises engaged in export of textile products starting from April 1, 2019.”

[Xinhua]

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