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 food market worldwide. With a population of four million, Singapore purchases one and a half(a) multiplication to a greater extent U.S. exports than China, four times to a greater extent than India, and more than most European markets, including Italy, Switzerland, and Spain. At the complete of 1999, U.S. direct investment in Singapore stood at more than US$24 billion, primarily in high-tech manufacturing and work industries. Beyond the direct sound impact a symmetrical agreement allow vex on the parties to it, we believe the FTA will lot as an weighty building block for wider initiatives, much(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 announcement of the opening of negotiati ons between chili and the US on an FTA is straightway attributable to the movement on USSFTA. These two sets of negotiations, along with Singapores FTA initiatives with Australia and new-fashioned Zealand, bodes particularly well for the rising of a P-5 Agreement. The USSFTA will serve as a designer on many mess issues. C ar should be taken to ensure it is a first-class mail 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 environs provisions. The inclusion of such measur es in trade agreements is a exceedingly con! troversial subject. We urge the USTR to dissemble with business to find a workable position on this issue that will cash in ones chips to bi-partisan agreement and eventual act in Congress. Specific to the square(p) direct potential benefits of a USSFTA, at that place are several issues... If you want to get a spacious essay, aim it on our website: OrderCustomPaper.com

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