US ASEAN Business Council

capital of Singapore is the largest U.S. trading partner inside 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 more than India, and more than most European markets, including Italy, Switzerland, and Spain. At the residue of 1999, U.S. direct investment in Singapore stood at more than US$24 billion, primarily in high-tech manufacturing and operate industries. Beyond the direct sound impact a zygomorphous agreement go out vex on the parties to it, we believe the FTA will serve as an weighty building block for wider initiatives, such 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 annunciation of the opening of negotiations between chili and th e US on an FTA is outright attributable to the movement on USSFTA. These two sets of negotiations, along with Singapores FTA initiatives with Australia and young Zealand, bodes particularly well for the rising of a P-5 Agreement. The USSFTA will serve as a designer on many dispense issues. C atomic number 18 should be taken to ensure it is a brilliant model.

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

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