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The U.S.-Singapore
Free Trade Agreement
The USSFTA brings a new chapter to U.S.-Singapore partnership and it
is now an excellent time for U.S. firms to explore doing business
here. The USSFTA provides a secure, predictable legal framework for
protecting U.S. investments in Singapore, including a basic set of
substantive protections that are similar to those Singaporean
investors in the U.S. currently enjoyed under U.S. laws. There is a
groundbreaking chapter on competition policy and government
enterprises and includes extensive enhancement to the protection of
intellectual property rights. The USSFTA includes extensive coverage
of services. U.S. services firms will enjoy fair and
non-discriminatory treatment through strong disciplines on both
cross-border supply of services (including those delivered
electronically) and the right to invest and establish a local
service presence. The financial service chapter includes significant
new market access in the banking and asset management sector. There
is also increased market access in the insurance sector.
Learn more abut the USSFTA now.
Singapore was ranked the best place to do business in the
Asia-Pacific region and was ranked 7th globally by the Economist
Intelligence Unit in July 2003. The Singapore government has
developed an outward-looking, export-oriented economic policy that
encourages two-way flows of trade and investment. It has excellent
infrastructure, including an airport and seaport that are among the
best in the world, an extensive road network and subway system,
state-of-the-art telecommunications facilities and reliable public
utilities.
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Market Briefs -- a
combination of videoconference and streaming media technologies -- brings you
real-time Commercial Service global market insights and opportunities from
around the world. The Singapore Market Brief interview, taped in July 2003, is
brought to you by the International Trade Administration,
Commercial
Service, U.S. Department of Commerce. The use of trade, firm, or
corporation names within this Webcast or on the surrounding pages, or links to
Web sites outside the U.S. Federal Government are for the convenience of the
user. Such use does not constitute an official endorsement or approval of any
private sector Web site, product or service by the U.S. Commercial Service,
U.S. Commerce Department.
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