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International relations

EU-Singapore investment deal at risk of delay over debt rule

Main free trade pact passes, but loophole leaves related agreement vulnerable

The pact is the first between the EU and a member of the Association of Southeast Asian Nations. (Nikkei montage/Reuters) 

HAMBURG, Germany -- The European Union ratified a free trade pact with Singapore on Wednesday, but countries such as Germany may insist that a loophole in a related investor agreement be closed before its full implementation.

While the trade pact -- the first between the EU and a member of the Association of Southeast Asian Nations -- only needed a majority in the European Parliament for ratification, the investment deal needs to be approval by each member.

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