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Singapore inks free-trade agreement with Taiwan
After two years of talks.
According to a report by Bloomberg, Taiwan signed its biggest trade deal yet with a country that has diplomatic ties with Beijing, as the island tries to integrate its economy with the rest of Asia’s and to diversify economic allies beyond China.
A free-trade agreement with Singapore, Taiwan’s fifth-biggest trade partner, was inked today in the southeast Asian city-state after two years of talks, according to Taiwan’s Ministry of Economic Affairs. The deal covers trade in goods and services, investment and government procurement, the ministry said.
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