The separate investment protection agreement must also be approved individually by each EU Member State. The investment justice system will ensure that the investment protection agreement is interpreted in a legally correct and predictable manner. A free trade agreement (FTA) is a legally binding agreement between two or more countries aimed at eliminating or eliminating barriers to trade and facilitating cross-border trade in goods and services between the territories of the Parties. The trade agreement describes in detail the intermediate categories for the reduction of customs duties over 5 years in Annex 2-A of the agreement. Since the establishment of the DCFTA, China has become Singapore`s largest trading partner, with a total trade value of more than $135 billion in 2019.