On 5 June 2000, Canada and Singapore announced that they would begin exploring the possibility of negotiating a bilateral free trade agreement. The start of negotations towards a free trade agreement were announced in Shanghai, China on 21 October 2001.
An initial round of negotiations was held in Singapore the week of 21 January 2002. The second round was held in Ottawa from 25 February to 1 March 2002 and the third in Singapore from 29 April to 3 May of that same year. Three additional rounds of negotiation were held in 2003, with the sixth round held in Ottawa form 29 September to 3 October. During the 2006 Asia-Pacific Economic Cooperation (APEC) ministerial meetings, Canada and Singapore agreed to resume negotiations toward a free trade agreement. The seventh round of negotiations took place in Singapore on 26 February 2007.