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EU signs Singapore trade deal

Staff Writer |
The European Union signed a free-trade deal with Singapore at a summit with Asian leaders on Friday.

At a biennial Asia-Europe Meeting bringing together leaders representing 65 percent of global economic output, France, Britain, Germany, Italy and the European Commission held private meetings with Chinese Premier Li Keqiang, hoping for greater access for EU companies to the world's No. 2 economy.

When asked about Chinese trade practices, Austrian Chancellor Sebastian Kurz told reporters after the summit that Europe expected rules to be upheld, and wanted reforms of the World Trade Organization.

"When we find protectionism, we reject it. Free trade must always be fair, equitable and based on rules. That goes in both directions," he said.

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