Singapore-Taiwan ASTEP is a step closer to signing

* Singapore and Taiwan have recently concluded substantive negotiations on the economic cooperation agreement, the so-called the “Agreement between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Partnership” (ASTEP).

* Though the two sides have not set a date for signing the economic pact, steps are taken to wrap up the final legal screening process and ink the deal in the next few months.