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.
0
