Building a special place in Europe-Asia trade: EU-Singapore commercial relations

William Kerr

Chapter 19 in Handbook on the EU and International Trade, 2018, pp 352-366 from Edward Elgar Publishing

Abstract: Singapore, through the colonial era up to the present, has fulfilled an entrepôt role in European-Asian economic trade. This role continues, but Singapore has increasingly promoted and undertaken the role of being a bridge between Asian business culture and western business culture. The government of Singapore has actively encouraged the city to become a centre of western-style financial institutions and a place where an uncorrupt ‘rule of law’ is applied to commercial transactions. On the other hand, the Singapore business community has strong traditional relation-based networks across Asia. It is a place where European Union business persons can operate in a familiar milieu yet connect with wider markets across Asia. To facilitate this relationship both Singapore and the EU have negotiated formal trade, financial and broader-based agreements. The chapter reviews a selection of these formal agreements.

Keywords: Business and Management; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
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