Businesses in Singapore and Australia are set to have more chances to bid for government procurement contracts and better access to each other’s markets under an upgraded free trade agreement.
The Singapore-Australia Free Trade Agreement (SAFTA) was ratified and begun on 1 December after Steven Ciobo, Australia’s minister for Trade, Tourism and Investment and Lim Hng Kiang, Singapore’s minister for trade and industry (MIT) signed the agreement last October.
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