EMBARGOED: Japan-Singapore FTA takes effect.
A free trade agreement (FTA) between Japan and Singapore took effect Saturday, eliminating tariffs on 98% of bilateral trade.
The first-ever FTA for Japan not only removes tariffs on trade in goods and services between the two countries, it also reinforces cooperation on a wide range of economic activities including investment.
The agreement was singed by Prime Minister Junichiro Koizumi and Singapore Prime Minister Goh Chok Tong in January.
Japan is holding talks on FTAs with South Korea, Mexico and Southeast Asian nations.
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|Publication:||Asian Economic News|
|Date:||Dec 2, 2002|
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