Relationship dossier
Iceland
Singapore
Relationship assessment
Economic ties supported by EFTA trade arrangements and a bilateral tax agreement
Iceland toward Singapore
+25Iceland participates through EFTA in the EFTA–Singapore Free Trade Agreement, providing a framework for trade with Singapore. Iceland and Singapore have also concluded a bilateral agreement to avoid double taxation.
Singapore toward Iceland
+25Singapore is party to the EFTA–Singapore Free Trade Agreement, which provides a framework for trade with Iceland as an EFTA member. Singapore and Iceland have also concluded a bilateral agreement to avoid double taxation.
Overall relationship
+25The relationship has a durable economic foundation in the EFTA–Singapore Free Trade Agreement and a bilateral tax agreement. These arrangements support trade and investment, while the extent of cooperation in other areas is less clear.
How to read these scores
Scores are rough judgments, not objective measurements or current verification. Directional scores describe government policy and conduct, not public opinion. The overall score is an independent estimate, never an average.
- −100
- Extreme sustained hostility
- −50
- Substantially adversarial
- 0
- Mixed or neutral, supported by knowledge
- +50
- Substantially cooperative
- +100
- Exceptionally close sustained partnership
“Not assessed” means there is no recorded score. Pair existence makes no claim about diplomatic recognition or established relations.
Relationship context
Overview
Iceland and Singapore have a practical economic relationship supported by the EFTA–Singapore Free Trade Agreement, to which Iceland is a party through EFTA, and a bilateral agreement to avoid double taxation. These arrangements provide a durable framework for trade and investment. The breadth of other direct government cooperation and the implementation of the agreements are less clear.
Key developments
The EFTA–Singapore Free Trade Agreement was signed, establishing a trade framework applicable to Iceland as an EFTA member.
Iceland and Singapore concluded a bilateral agreement to avoid double taxation.
Major uncertainties
- The extent of direct bilateral cooperation beyond trade and taxation is unclear.
- Details of the implementation and use of the trade and tax arrangements are limited.