US ASEAN Business Council

capital of Singapore is the largest U.S. trading partner inwardly ASEAN, and is the largest destination within the ten-country assort for U.S. direct investing. Singapore is the tenth largest U.S. export merchandise worldwide. With a population of four million, Singapore purchases one and a half(a) measure to a greater extent U.S. exports than China, four times more than India, and more than most European markets, including Italy, Switzerland, and Spain. At the curio of 1999, U.S. direct investment in Singapore stood at more than US$24 billion, primarily in high-tech manufacturing and act industries. Beyond the direct sound impact a bilaterally symmetrical agreement ordain vex on the parties to it, we believe the FTA will serve as an weighty building block for wider initiatives, such(prenominal) as the P-5, a US-ASEAN FTA and a new WTO round, and serve as a model for these and other possible Bilateral FTAs. The contract of the opening of negotiations between c hili and the US on an FTA is without delay attributable to the movement on USSFTA. These two sets of negotiations, along with Singapores FTA initiatives with Australia and advanced Zealand, bodes particularly well for the rising of a P-5 Agreement. The USSFTA will serve as a designer on many divvy up issues. C are should be taken to ensure it is a first-class model.

In part because of the strategical impact that we hope an FTA Singapore will have on the U.S. trade agenda, we are pertain about efforts to include in the FTA binding labor and purlieu provisions. The inclusion of such measures in trade agree ments is a highly controversial subject. We! urge the USTR to dissemble with business to find a workable position on this issue that will will to bi-partisan agreement and eventual act in Congress. Specific to the whole direct potential benefits of a USSFTA, at that place are several issues... If you want to get a spacious essay, assemble it on our website: OrderCustomPaper.com

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