Australian universities, lawyers and financial firms will be among the biggest winners from an updated free trade agreement with Singapore.
Enabling legislation cleared parliament on Thursday.
Under the changes, Australian lawyers and financial service providers will enjoy improved access to the Singapore market.
"Singapore has given Australia its best trade agreement treatment, putting our exporters on equal or better footing than our foreign competitors," Trade Minister Steve Ciobo said.
Singapore will also recognise extra law, medicine and allied health qualifications from Australian universities.
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There will be new opportunities for Australian businesses to bid for high-value government procurement contracts in Singapore, including road transport, construction and engineering.
There will also be changes to visa lengths of stay for Australian expats in Singapore.
Since the original free trade deal was signed in 2003, the bilateral trade relationship had grown by more than 80 per cent and investment had grown by more than 350 per cent, Mr Ciobo said.
The updated deal is expected to go into force on December 1.
