Japan’s new trade policy: a free trade agreement with Singapore
Paper
Paper/Presentation Title | Japan’s new trade policy: a free trade agreement with Singapore |
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Presentation Type | Paper |
Authors | Wu, T. (Author) and Chadee, D. (Author) |
Journal or Proceedings Title | The Power of Ideas and International Business; Proceedings AIB 2003 |
Number of Pages | 1 |
Year | 2003 |
Place of Publication | United States |
Web Address (URL) of Paper | http://aib.msu.edu/events/2003/03finalproc.pdf |
Conference/Event | 45th Annual Meeting of the Academy of International Business |
Event Details | 45th Annual Meeting of the Academy of International Business Event Date 05 to end of 08 Jul 2003 Event Location Monterey, United States |
Abstract | Japan is the world's third largest trading nation, after the United States and Germany. Until now, Japan has been the only major industrialized country to have relied exclusively on multilateral organizations, such as the World Trade Organization (WTO),for trade liberalization. Frustrated by the slow progress in multilateral trade negotiations, Japan is quietly pursuing a parallel policy of negotiating bilateral free trade agreements. In October 2001, Japan concluded a free trade agreement (FTA) with Singapore, the first such bilateral agreement for Japan. The FTA was signed by Japanese Prime Minister Junichiro Koizumi and Singaporean Prime Minister Goh Chok Ton in January 2002. The shift in Japanese trade policy is striking because until now Japan has been one of the strongest champions of the multilateral trading system. Why did the Japanese government suddenly shift its trade policy from multilateralism to bilateralism? What motivated Japan to negotiate a free trade agreement with Singapore? What are the major issues in the bilateral trade agreement? The purpose of this paper is to examine the Japan-Singapore Free Trade Agreement from the Japanese perspective. |
Keywords | Japan-Singapore free trade agreement, Japanese perspective, trade policy from multilateralism to bilateralism-Japan |
ANZSRC Field of Research 2020 | 350706. International business |
380110. International economics | |
Byline Affiliations | University of Regina, Canada |
University of Auckland, New Zealand |
https://research.usq.edu.au/item/9zq87/japan-s-new-trade-policy-a-free-trade-agreement-with-singapore
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