Chartered Accountants Australia and New Zealand welcome the updated Free Trade Agreement between Australia and Singapore.
Chief Executive Officer, Lee White acknowledges the new benefits across many industries that this agreement now brings: “In particular, we applaud the establishment of a framework to support mutual recognition of professional qualifications, including accounting,"
“Our profession is a global profession, mutual recognition will ensure that professional accountants can take advantage of even greater mobility of their qualification. This will open doors to numerous professional opportunities.”
President Lee Hsien Loong is currently in Australia to discuss defence and trade deals. President Loong states: “To recognise the strengthening relationship between the two countries, this Free Trade Agreement will also support greater trade and investment opportunities for individuals and businesses, most importantly, allowing freer movement for business people between our countries,
“Australia currently exports $1.71 billion of professional, technical and business services to Singapore but the FTA will ensure greater opportunities for professional services, financial services as well as government procurement."
“The FTA which will be updated with this visit, will help drive closer economic ties with Singapore, overall it will make it easier for Singapore to invest in Australia,” Mr White said.