The Trans-Pacific Strategic Economic Partnership (also known as the P4 agreement) is a free trade arrangement between Brunei, Chile, New Zealand and Singapore born under the framework of APEC. The agreement will enter into force in January 2006.
Singapore has over the past few years entered into several bilateral and subregional FTAs. What is the significance of the P4 agreement to Singapore? What is the rationale of an agreement amongst four small, and already open and export-led economies? How does Chile view this agreement?
In the lecture, Ambassador Juan Arturo Salazaar Sparks, Chilean Ambassador to New Zealand, will explain the importance of horizontal cooperation and strategic alliance between smaller economies to leverage on an increasingly competitive global economy dominated by giants such as China, India and Brazil. Global traders such as Chile and Singapore not only have to build greater economies of scale by linking up with each other, but also need to be more innovative in specific niches in order to remain relevant. Ambassador Salazaar will therefore also share with us what he sees as the common interests and the synergies that exist between the parties involved in P4, and the future steps and actions that must be taken for the strategic alliance to work.
Ambassador Salazaar, a Chilean career diplomat, has deep insights into the Asia-Pacific region because of his illustrious career in the ministry and his involvement on APEC issues. He is also an academic who has lectured and written extensively on global politics, international affairs and economics and trade issues.
Do join us for this session and if you are interested, please drop an email to Ms Felicia Foo at firstname.lastname@example.org or give her a call at 6734 9600.
Programme for the day
10.15 – 10.30am Arrival of Guests & Registration
10.30 – 10.35am Welcome & Introductory Remarks by Dr Hank Lim, Research Director of SIIA
10.35 – 11.35am Remarks and Comments by Ambassador Juan Arturo Salazaar Sparks
11.35 – 11.50am Discussion & Q&A
11.50 – 12.00pm Closing Remarks by Dr Hank Lim, Research Director of SIIA