IDEAS home Printed from https://ideas.repec.org/h/era/chaptr/2013-rpr-05-10.html
   My bibliography  Save this book chapter

The Use of Free Trade Agreements by Manufacturing and Services Firms in Singapore

Author

Listed:
  • Hank Lim
  • Aaron Choo

Abstract

As a trade-dependent country with a small domestic market, Singapore has a policy of signing regional and bilateral free trade agreements (FTAs) with established trading partners and of opening new economic links. However, there are no official statistics regarding the utilisation of FTAs by companies in Singapore. Feedback from focus group discussions with the relevant organisations in Singapore indicates that the utilisation of FTAs is relatively low. This is in part because the majority of firms in Singapore are small and medium-sized enterprises (SMEs) and are unable to meet the rules of origin (ROO) requirements. However, FTAs are utilised by large Singapore-based firms in the wholesale and retail, chemical and pharmaceutical, and consumer electronic industries. Greater awareness may be necessary to improve the knowledge of FTA procedures and their benefits in Singapore among SMEs. From the perspective of Singaporean firms, it is also important that future FTAs of the Association of Southeast Asian Nations (ASEAN), such as the Regional Comprehensive Economic Partnership, recognise Singapore’s role as a re-export centre and a base for sales agents involved in third-country invoicing.

Suggested Citation

  • Hank Lim & Aaron Choo, . "The Use of Free Trade Agreements by Manufacturing and Services Firms in Singapore," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2013-rpr-05-10
    as

    Download full text from publisher

    File URL: http://www.eria.org/RPR_FY2013_No.5_Chapter_10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ramkishen S. Rajan & Tan Khee Giap & Tan Kong Yam, 2014. "Southeast Asia," Palgrave Macmillan Books, in: Fiscal Sustainability and Competitiveness in Europe and Asia, chapter 6, pages 147-177, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tongzon, Jose L., 2002. "The Devastating Crisis, Singapore’S Extra-Asean Free Trade Agreements And Their Implications For Asean," EIJS Working Paper Series 153, Stockholm School of Economics, The European Institute of Japanese Studies.
    2. Graham Bird & Ramkishen Rajan, 2002. "Optimal currency baskets and the third currency phenomenon: exchange rate policy in Southeast Asia," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(8), pages 1053-1073.
    3. Puah, Chin-Hong & Kueh, Jerome Swee-Hui & Lau, Evan, 2007. "The Implications Of Emergence Of China Towards Asean-5: Fdi-Gdp Perspective," MPRA Paper 4550, University Library of Munich, Germany.
    4. Miller, Marcus & corrado, luisa, 2002. "Exchange Rate Monitoring Bands: Theory and Policy," CEPR Discussion Papers 3337, C.E.P.R. Discussion Papers.
    5. Stevan Luković, 2015. "The Impact Of Globalization On The Characteristics Of Tax Systems Of The European Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 60(206), pages 117-140, July - Se.
    6. Takashi Terada, 2006. "The Making of Asia’s First Bilateral FTA : Origins and Regional Implications of the Japan–Singapore Economic Partnership Agreement," Trade Working Papers 21838, East Asian Bureau of Economic Research.
    7. Rahul Sen & Sadhana Srivastava, 2012. "Asia' s international production networks: Will India be the next assembly centre?," Working Papers 11812, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    8. Víctor Mauricio Castaneda Rodríguez, 2016. "La globalización y sus relaciones con la tributación, una constatación para América Latina y la OCDE," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 35(68), pages 379-406, January.
    9. Paul Vandoren, 2005. "Regional economic integration in South East Asia," Asia Europe Journal, Springer, vol. 3(4), pages 517-535, December.
    10. Graham Bird & Ramkishen S. Rajan, 2004. "Coping with, and Cashing in on, International Capital Volatility," Palgrave Macmillan Books, in: International Finance and the Developing Economies, chapter 11, pages 181-203, Palgrave Macmillan.
    11. Ian Goldin & Kenneth Reinert, 2005. "Global capital flows and development: A Survey," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 14(4), pages 453-481.
    12. Siregar, Reza & Rajan, Ramkishen S., 2004. "Impact of exchange rate volatility on Indonesia's trade performance in the 1990s," Journal of the Japanese and International Economies, Elsevier, vol. 18(2), pages 218-240, June.
    13. Benno Feldmann & Wipu Laosirirat, 2015. "Economics Integration in ASEAN: Corporate Valuation in Emerging Markets, Regionalization and Globalization," Journal of Business & Management (COES&RJ-JBM), , vol. 3(1), pages 335-347, January.
    14. Takashi Terada, 2006. "The Making of Asia's First Bilateral FTA: Origins and Regional Implications of the Japan-Singapore Economic Partnership Agreement," Asia Pacific Economic Papers 354, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    15. Luisa Corrado & Marcus H. Miller & Lei Zhang, 2003. "Exchange Monitoring Bands: Theory and Policy," CEIS Research Paper 8, Tor Vergata University, CEIS.
    16. Guanyi Leu, 2011. "ASEAN’s Preferential Trade Agreements (PTA) Strategy," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 30(2), pages 31-64.
    17. Tahiri, Noor Rahman, 2017. "Afghanistan and China Trade Relationship," MPRA Paper 82098, University Library of Munich, Germany, revised 15 Sep 2017.
    18. Bernardi, Luigi & Gandullia, Luca & Fumagalli, Laura, 2005. "Tax Systems and Tax Reforms in South and East Asia: Overview of Tax Systems and main policy issues," MPRA Paper 1869, University Library of Munich, Germany.
    19. Oktaviani, Rina & Sugema, Iman & Ratnawaty, Anny, 2003. "Bank Restructuring and its Implication on Indonesian Macro Economy and Agricultural Sector," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 58194, Australian Agricultural and Resource Economics Society.
    20. Hank Giokhay Lim & Kester TAY Yi-Xun, 2008. "Regional Integration and Inclusive Development: Lessons from ASEAN Experience," Working Papers 5908, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:era:chaptr:2013-rpr-05-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ranti Amelia (email available below). General contact details of provider: https://edirc.repec.org/data/eriadid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.