Published the EU-Singapore agreement that will enter into force on November 21
The Official Journal of the European Union has published the Free Trade Agreement between the EU and the Republic of Singapore, which will enter into force on Thursday, November 21.
Spanish fruit and vegetable exports to this country have registered a positive evolution, standing at 3,315 tons until August of this year, 53% more than in the same period of 2018, according to Customs data, for a value of 5.9 million euros, 22% more.
The Agreement, of 753 pages, establishes a stable economic and commercial framework, which can contribute to the Spanish exports of fruits and vegetables to this country strengthen the positive evolution that they had already shown in recent years, according to FEPEX.
In the field of fruits and vegetables, already before the agreement, the export was not taxed with tariff barriers. Given Singapore’s high degree of openness, there are practically no tariffs applicable to economic activity, according to the ICEX report on this Asian country, and in the case of products encompassed under tariff code 08, in which the majority are found of fruits, there are no applicable tariffs. Nor do phytosanitary certificates of exports are required, which if required in other third countries.
Both things have favored, according to FEPEX, that the Spanish export of fruits and vegetables has registered a positive evolution, going from 4 million euros in 2014 to 7.5 million euros in 2018, with a growth of 85 %. The bulk of Spanish shipments are fruits, with 7.4 million euros of the total, with blueberries and persimmon being the most exported products, with 1.8 million euros and 1.6 million euros respectively.
This positive evolution is one of the reasons why Singapore was chosen as one of the guest importing countries of the latest edition of FRUIT ATTRACTION, held from October 22 to 24.
