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Singapore Must Consolidate FTAs

Updated On: Mar 15, 2007

While Singapore has concluded many free trade agreements (FTAs), the time has now come to consolidate and improve the major ones, making connections simpler and deeper, rather than seeking more new ones. SIIA Chairman Simon Tay made this suggestion in his keynote speech to the IE Singapore Symposium on FTAs on 14 Mar, opened by Minister of State Lee Yi Shyan.

The symposium attracted some 200 companies and advisory firms, and Tay encouraged them to anticipate and lobby for what they hope to gain from other markets. Tay also suggested that Singapore should deepen its economic integration with Vietnam and look seriously at working with Malaysia to promote ventures in the state of Johor.

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