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Upgraded Singapore-China FTA to take effect tomorrow

( December 30, 2024, 08:09 GMT | Official Statement) -- MLex Summary: An upgraded protocol for the China-Singapore Free Trade Agreement will take effect tomorrow, allowing businesses to benefit from greater market access and more liberal rules. The upgraded version of the FTA, which has been in force since 2009, includes the removal of equity limits in more than 20 sectors for Singapore investors, new investment rules that prohibit discrimination based on nationality and performance requirements, and prohibitions on local presence requirements in certain sectors. Additionally, a new telecommunications chapter will promote competition and encourage industry participation in collaborative activities. The full statement is attached.   ...

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