World Business News

A round up of the latest news for those doing business internationally

Singapore and USA celebrate 10th anniversary of historic FTA

Zone(s): USA, Singapore ¦ Sector(s): Free Trade Pact

[25 June 2014, Straight Times]  By Fiona Chan Senior Economics Correspondent In Washington: Singapore and the United States marked the 10th anniversary of their landmark free trade pact on Tuesday, with a reception in Washington DC organised by the US Chamber of Commerce and the US-Asean Business Council and attended by Prime Minister Lee Hsien Loong. The US-Singapore Free Trade Agreement (FTA) has raised bilateral trade and made Singapore the largest recipient of US investment in the Asia Pacific as of 2012, Mr Lee told a 150-strong audience of diplomats and business leaders.