Singapore strengthens economic partnership with EU through digital trade agreement

28 May 2025

On 7 May 2025, the Ministry of Trade and Industry (“MTI”) announced that Singapore had signed a digital trade agreement with the European Union (“EU”). 

The European Union-Singapore Digital Trade Agreement (“EUSDTA”) is intended to enhance digital connectivity and facilitate end-to-end digital trade between the EU and Singapore. Rules on digital trade and cross-border data flows will be put in place upon its implementation. EUSDTA will also enhance EU-Singapore relations by strengthening bilateral economic connectivity. 

The EUSDTA builds on existing strong trade relations, anchored by the EU-Singapore Free Trade Agreement. The EU is Singapore’s fifth largest goods trading partner and second largest services trading partner, with bilateral trade in services reaching over S$110 billion in 2023. The EU is Singapore’s second largest foreign investor and second largest overseas investment destination. 

Reference materials 

The MTI press release is available on its website www.mti.gov.sg.