On 21 November last, the Free Trade Agreement between the European Union and Singapore entered into force. The Agreement is one of the first "new generation agreements" negotiated by the EU and the first signed with an ASEAN country. In addition to the elimination of customs duties on European products still subject to tariffs, the FTA contains significant provisions on matters such as intellectual property protection, investment, public procurement, Geographical Indications and sustainable development.

However, an analysis of our sales to the City-State, conducted by examining the top 200 4-digit tariff lines (which account for over 95% of the total), reveals that almost all Made in Italy products can already enter Singapore duty-free. The only codes subject to tariffs are 2203 (malt beer – applied duty: 70%) and 2208 (undenatured ethyl alcohol – applied duty: 1%).