Singapore´ s Trade Policies: Priorities and Options

Abstract

This paper analyses Singapore's multi-pronged approach in pursuing multilateral, bilateral, and regional liberalization initiatives to secure and expand its political and economic space. The paper evaluates trade policy trends pre- and post-Asian crisis. It focuses on Singapore's priority interests and concerns in the Uruguay Round and its role in moving the negotiating process. Looking ahead, the paper discusses prospects in the Doha Round and what it means for Singapore. The WTO and the Doha Round negotiations remain Singapore's top priority in international trade. The paper also discusses the underlying political and strategic rationale in Singapore's pursuit of FTAs/RTAs and examines future challenges faced by Singapore in seeking greater liberalization and open markets. It is contended that strategically such FTAs have strengthened and expanded Singapore's economic linkages globally, as well as helped to anchor the economic interests of major economies beyond the region in Southeast Asia.

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