Cynthia Utrilla Carlos Ugalde Brenda Fonseca Case reading and analysis of the US and Singapore free trade agreement negotiation. Q1: Objectives of the negotiation. The main objectives that the United States and Singapore had to sign the FTA treaty are: - Facilitate Trade in both countries by eliminating and reducing tariff and non-tariff barriers to facilitate the flow of goods and services between these countries. - Promotes Investment by creating a favorable environment for investors, including the protection of intellectual property rights and the resolution of conflicts between them. - Economic Growth because it broadens access to markets, promotes economic growth and increases the competitiveness of companies in both countries. - Trade regulations while maintaining an adequate level of protection for health, safety and the environment. Q2: Conclude the negotiation strategies in this case. - There were a lot of strategies in this case, for example the initial strategy of the US was to increase its free trade through bilateral FTAs. - This negotiation involved a convergence policy pursued by the American administration, which aimed to meld US strategic interests and economic integration within the Pacific Basin Q3: Implications/outcomes of the negotiation. - Economic Implications: In the economic arena, Singapore has more to gain than the United States from the agreement in the near term. Both countries stand to benefit from the US-Singapore Free Trade Agreement (USSFTA), but Singapore has a greater advantage in terms of economic gains. Cynthia Utrilla Carlos Ugalde Brenda Fonseca - Security Implications: In the security area, the objectives of both the United States and Singapore can be achieved without conflict. The US presence in the region has been steadily reinforcing these objectives. However, the United States needs permanent military bases in the region to maintain its "staying power." - Negotiation Outcomes: The negotiation of the USSFTA has resulted in both economic and security benefits for both the United States and Singapore. Singapore stands to gain more economically, while the security objectives of both countries can be achieved without conflict. The negotiation outcomes highlight the mutual gains and cooperation between the two nations.
