Singapore and Argentina to work on economic pacts

Argentina's President Mauricio Macri (left) welcoming Singapore's Prime Minister Lee Hsien Loong on arrival in Buenos Aires on Nov 29, 2018.
Argentina's President Mauricio Macri (left) welcoming Singapore's Prime Minister Lee Hsien Loong on arrival in Buenos Aires on Nov 29, 2018.PHOTO: AFP

Singapore and Argentina will start talks next year on a pact to avoid double taxation, and plan to conclude negotiations on an investment treaty by the first half of next year.

Also, a first round of talks on a free trade agreement between Singapore and the South American Customs union Mercosur is scheduled to take place by the first quarter of next year.

Argentina is the incoming chair of Mercosur, whose other members are Brazil, Paraguay and Uruguay.

The timelines for the agreements were agreed on yesterday during a breakfast meeting between Prime Minister Lee Hsien Loong and Argentinian President Mauricio Macri.

PM Lee, who is on a four-day working visit to Argentina, will attend the G-20 summit in capital Buenos Aires this weekend.

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A version of this article appeared in the print edition of The Straits Times on November 30, 2018, with the headline 'Singapore and Argentina to work on economic pacts'. Print Edition | Subscribe