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Do Free Trade Agreements Matter? Evaluating the Impact of FTAs on Singapore's Domestic Exports of Goods

10 August 2011

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DO FREE TRADE AGREEMENTS MATTER? EVALUATING THE IMPACT OF FTAs ON SINGAPORE’S DOMESTIC EXPORTS OF GOODS

Singapore is a small, open economy, highly dependent on external demand. In 2010, external demand accounted for nearly three-quarter of Singapore’s total demand. Singapore’s dependence on trade means that trade barriers erected by other countries result in significant welfare losses for Singapore.

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