CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. ECJ Singapore FTA Ruling To Boost UK Brexit Position

ECJ Singapore FTA Ruling To Boost UK Brexit Position

by Ulrika Lomas, Tax-News.com, Brussels

18 May 2017


In a ruling expected to boost the UK's position in Brexit talks, the European Court of Justice has set out the extent to which member states must be involved in approving the free trade agreement with Singapore.

The Court said the provisions of the agreement relating to non-direct foreign investment and those relating to dispute settlement between investors and states do not fall within the exclusive competence of the EU, so that the agreement cannot, as it stands, be concluded without the participation of the member states.

The ruling means that a narrow free trade agreement between the EU and the UK could be approved exclusively by the EU, providing it does not include such provisions. This would prevent individual member states from vetoing the deal, with tensions ongoing between the UK and Spain concerning Gibraltar's autonomy.

On September 20, 2013, the EU and Singapore initialed the text of a free trade agreement. The agreement is one of the first "new generation" bilateral free trade agreements – a trade agreement which contains, in addition to the classical provisions on the reduction of customs duties and of non-tariff barriers in the field of trade in goods and services, provisions on various matters related to trade, such as intellectual property protection, investment, public procurement, competition, and sustainable development.

TAGS: court | investment | free trade agreement (FTA) | export duty | law | intellectual property | Singapore | agreements | import duty | trade | services | Europe

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »