Singapore and the countries of the European Free Trade Association (EFTA) will offer each other some of the most advanced IP protection in the world when their free trade agreement comes into effect, probably on January 1 2003. The EFTA-Singapore Free Trade Agreement (ESFTA) was signed on June 26 at the EFTA ministerial meeting in Iceland and is the first free trade pact an east Asian country has signed with EFTA, which is made up of Switzerland, Norway, Iceland and Liechtenstein. The IP section of the agreement goes beyond anything on IP contained in the free trade agreements Singapore has signed in the last two years with New Zealand and Japan.