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Singapore inks bilateral deals with three African nations

( August 24, 2016, 09:42 GMT | Insight) -- Singapore's Ministry for Trade and Industry has signed bilateral deals with Ethiopia, Mozambique and Nigeria, as the city state moves to extend its reach into fast-growing, untapped regions, the Business Times reports. Singapore's Ministry for Trade and Industry has signed bilateral deals with Ethiopia, Mozambique and Nigeria, as the city state moves to extend its reach into fast-growing, untapped regions, the Business Times reports. The deals comprised an agreement with Ethiopia on avoiding double taxation, an air services agreement with Nigeria and an investment treaty with Mozambique. Singapore's total trade with African nations was worth S$10.95 billion ($8.1 billion) in 2015, and the country had booked S$21.5 billion in foreign direct investment from African countries as of the end of 2014.      ...

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