Singapore along with nine other countries have endorsed a ministerial declaration for strengthening the rules-based trading system. Actions include a possible permanent moratorium on customs duties on electronic transmissions, and advancing agricultural reform, according to a press release from the 10 members of the Future of Investment and Trade (FIT) Partnership, The declaration, developed under the FIT, saw the countries committing to incorporating two WTO agreements—the WTO Investment Facilitation for Development Agreement (IFDA) and the WTO E-Commerce Agreement (ECA)—into WTO’s legal architecture. The partnership also said that they will promote provisions consistent with the IFDA and ECA in other bilateral, regional, and plurilateral agreements where appropriate.   https://sbr.com.sg/economy/news/singapore-backs-pact-reinforce-wto-trade-rules   (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 18 March 2026