“The US withdrawal from the Trans-Pacific Partnership will see Singapore putting in more resources to develop FTAs.”
RHTLaw Taylor Wessing Deputy Managing Partner Azman Jaafar said this when interviewed by Channel NewsAsia on the United States formal withdrawal from the Trans-Pacific Partnership (TPP).
The interview was featured in Channel NewsAsia and Channel 5 News.
“This may not spell an end for trade agreements for export-oriented Singapore. Singapore might put in more resources to develop bilateral free-trade agreements with other countries in the region.”
Other regional integration initiatives are still ongoing, including the Regional Comprehensive Economic Partnership that is seen as a multi-lateral trade pact that will replace the TPP and deepen trade links amongst Asian countries and China. The emerging global economic leadership of China will be the new normal.
Azman’s full feature can be found in the following news reports:
Singapore Tonight – Channel NewsAsia, 23 January 2017
5 News – Channel 5, 23 January 2017