Talk:Singapore–United States Free Trade Agreement
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A major development in the U.S./Singapore Free Trade Agreement is the allowance of Liquefied Natural Gas to enter the Port of Singapore. The Business Times Singapore addresses that the United States/Singapore Free Trade Agreement will be key in distributing the LNG to Asia. It is important for the United States to start making efforts in exporting Liquefied Natural Gas (a resource found in the continental U.S.) as its demand is expected to rise in the near future. The Business Times Singapore also states that more U.S. jobs are projected to be generated.
Lim, R. (June 7, 2012 Thursday). FTA will ensure LNG flow from US, says consultant. The Business Times Singapore.
According to the Business Times Singapore, The United States/Singapore Free Trade Agreement has been advantageous to American multinational corporations participation in Singapore and its economy. The article points to a possible decrease in the Singapore economy will likely be held stable by the U.S. investments made after the free trade agreement by the two governments. Businesses within the United States greatly benefited by the Free Trade Agreement's clause to not impose tariffs on any goods being exported to Singapore. This has led to larger investments in Singapore by U.S. multinational corporations. Support and proof of the MNC's success in Singapore is shown in the article, where it states that, "US MNCs' assets in Singapore rose from $138US.28 billion in 2004 to $145US.29 billion in 2005."
Ming, C.P. (December 18, 2007). S'pore more attractive as hub for MNC manufacturers: US; US Commerce Dept attributes this to implementation of bilateral free trade pact. The Business Times Singapore.
The role of the United States/Singapore Free Trade Agreement took a positive change even before the treaty itself was fully functioning. The Straits Times Singapore article shows that many more business deals were proposed and accepted between U.S. and Singapore once wide spread news of the free trade agreement was broadcasted and promoted through media in the United States. The article further shows that businesses are being introduced to each other through common interests in the high tech industry. The United States is a leading edge in the high tech industry and Singapore is gaining momentum in its reputation for leading Asia therefore allowing the interest to hold.
Tan, A. (October 9, 2003) Tie-ups between US, S'pore companies triple; Reasons: Pro-active match-making by US embassy staff and higher country profile for Singapore after signing the USSFTA. The Straits Times (Singapore).