DAR ES SALAAM – Singapore will negotiate a free trade agreement with a bloc of eight East African countries, its first with an African partner.
President Tharman Shanmugaratnam said on June 9 that the Republic welcomed the East African Community’s (EAC) intention to pursue such a pact, which would improve trade flows between the economies and open up new areas of growth.
This would also be the regional bloc’s first FTA negotiation with a partner outside Africa.
President Tharman was speaking to the media alongside his Tanzanian counterpart Samia Suluhu Hassan as part of his state visit to the country from June 8 to 10.
The FTA would be a significant step, as it would connect Singapore not only with Tanzania but also with the other seven partner states in the bloc, said President Tharman.
These are Burundi, the Democratic Republic of the Congo, Kenya, Rwanda, Somalia, South Sudan and Uganda.
“The EAC-Singapore FTA would be a timely move to diversify our trade networks amid current geopolitical tensions,” President Tharman said.
An FTA would improve market access and the flow of goods and services between the EAC and Singapore, he added.
“Singapore could provide East African exporters with a gateway to the larger ASEAN market,” he said. “It will also open up newer areas of growth, such as in the digital economy.”
President Hassan, speaking in Swahili, said she welcomed Singapore to enhance cooperation with the East African region with an FTA.
She added that while trade between the two countries has grown, “it has not yet reached the level we believe it can achieve”.
President Hassan also invited Singapore to set up an embassy in Tanzania.
The two leaders were speaking to the media after they and their delegations met earlier on June 9 at the Dar es Salaam State House, also known as the Ikulu, the official residence of the Tanzanian president.
President Tharman’s state visit, at the invitation of President Hassan, is the first such visit by a Singapore president to the East African country and coincides with the 45th anniversary of diplomatic relations between the two countries.
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