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William A. Kerr

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William A. Kerr

Singapore, through the colonial era up to the present, has fulfilled an entrepôt role in European-Asian economic trade. This role continues, but Singapore has increasingly promoted and undertaken the role of being a bridge between Asian business culture and western business culture. The government of Singapore has actively encouraged the city to become a centre of western-style financial institutions and a place where an uncorrupt ‘rule of law’ is applied to commercial transactions. On the other hand, the Singapore business community has strong traditional relation-based networks across Asia. It is a place where European Union business persons can operate in a familiar milieu yet connect with wider markets across Asia. To facilitate this relationship both Singapore and the EU have negotiated formal trade, financial and broader-based agreements. The chapter reviews a selection of these formal agreements.

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William A. Kerr

The institutional architecture governing international commercial relations is incomplete. The World Trade Organization’s (WTO) reach is limited relative to, for example, preferential trade agreements such as the European Union. The European Union, among others, has had an interest in filling in a number of perceived gaps in the institutional architecture. Four of these issues have commonly become known as the Singapore Issues since they were specifically included in the WTO agenda for future work in the Ministerial Declaration from the Ministerial meeting held in Singapore in 1996. The Singapore Issues are: (1) investment; (2) competition; (3) government procurement; and (4) trade facilitation. This chapter reviews why these issues are important in international commerce and the progress that has been made for each of them.

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William A. Kerr

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William A. Kerr

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William A. Kerr

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William A. Kerr

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William A. Kerr

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William A. Kerr

You do not have access to this content

William A. Kerr