This article analyzes the differences between FTAs and why some countries get exempt from ABSD:
http://aseanec.blogspot.com/2011/12/in- ... t-all.html
So basically, what is the difference between this FTA and the current ESFTA of which apparently only four Euro countries are members? Is this an extension of that one to more members? Does it have the same "national treatement" clause?
[quote]Under Article 40.1 of the EFTA-Singapore FTA (ESFTA), Singapore must treat EFTA nationals as if they were Singaporeans for purposes of investment, including investments in
property. This obligation is known as “national treatment.”