Singapore Free Trade Agreement With Us

The United States has already concluded free trade agreements with Canada, Mexico, Israel and Jordan and is negotiating free trade agreements with Central America, Australia, Morocco, the Customs Union for Southern Africa and Bahrain. The United States is also a member of APEC, an organization that pursues free trade and investment in the Pacific, and has negotiated with 33 other countries in the Western Hemisphere for the establishment of a free trade area in the United States. Given the tendency to negotiate more free trade agreements, the agreement with Singapore would give Singapore a status substantially identical to that of other nations that already benefit (or could benefit from it) from free trade with the United States. Anti-dumping or countervailing duties instituted by unfair trade (e.g. B foreign prices and government subsidies) or other national laws are not covered by the free trade agreement (Fn. 7-1). In March 2003, the only anti-dumping duty instituted by the United States on Singapore products applied to ball bearings. (22) 14. (return) Interview with U.S. Ambassador to Singapore Frank Lavin and Singapore`s Ambassador to the United States Chan Heng Chee, January 28, 2003 www.us-asean.org/Singapore/fta_interview.asp. A free form of support statement from Singapore producers and exporters and U.S.

importers can be used as an alternative to the presentation of ”origin certification” when they invoke compliance with the Singapore Free Trade Agreement. Singapore implemented a free trade agreement with New Zealand (effective 1 January 2001) and with the European Free Trade Area (effective 1 January 2003, which includes Iceland, Norway, Switzerland and Liechtenstein) and concluded an agreement with Japan in January 2002 that excludes agricultural products. The country also concluded free trade negotiations with Australia (signed on February 17, 2003) and negotiated with Mexico (beginning in July 2000) and Canada (early October 2001) and established a task force on November 14, 2002 to review a free trade agreement with South Korea. Singapore has agreed to allow the importation of therapeutic-valuable chewing gum from the United States for sale and supply, subject to health product laws and regulations (Article 2.11). This paves the way for the importation of therapeutic types of American chewing gum, perhaps such as teeth whitening and nicotine nuclei, which are intended to help smoking cessation, to be sold there – probably through pharmacies. Some information reports had indicated that prescriptions would be required to buy the gums, but this provision does not appear in the text of the agreement, and the Singapore government would have agreed that there would be no need for a prescription. Gum has been banned in Singapore since 1992 to protect the clean city and subways. (20) U.S.

interests have also expressed support for the liberalization of the sale of sugar-free chewing gum. Stricter protection rights are supplemented by strict enforcement obligations. Both sides, in close coordination and cooperation with industry, will continue to strongly address piracy. Both sides agree that the underlying question of whether the United States should pursue more liberalized trade and investment relations with Singapore is articulated by the broader issue of globalization and its impact on the United States, particularly on labour and wages. Those who oppose greater interaction with the global economy, and perhaps Singapore, generally point to increasing competition from imports, the resulting threat to economic security in certain sectors, particularly labour-intensive industries with high U.S. production, the growing U.S. trade deficit and the negative effects of globalization (such as poor income distribution and increased pollution through industrial pollution). Under the free trade agreement, some trade reorientation is possible. Producers currently producing elsewhere in Asia could move to Singapore. With a per capita income of Singapore of 20,600 USD average cost of

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