Japan’s new trade policy: a free trade agreement with Singapore

Paper

Wu, T. and Chadee, D.. 2003. "Japan’s new trade policy: a free trade agreement with Singapore." 45th Annual Meeting of the Academy of International Business. Monterey, United States 05 - 08 Jul 2003 United States.
Paper/Presentation Title

Japan’s new trade policy: a free trade agreement with Singapore

Presentation TypePaper
AuthorsWu, T. (Author) and Chadee, D. (Author)
Journal or Proceedings TitleThe Power of Ideas and International Business; Proceedings AIB 2003
Number of Pages1
Year2003
Place of PublicationUnited States
Web Address (URL) of Paperhttp://aib.msu.edu/events/2003/03finalproc.pdf
Conference/Event45th 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.

KeywordsJapan-Singapore free trade agreement, Japanese perspective, trade policy from multilateralism to bilateralism-Japan
ANZSRC Field of Research 2020350706. International business
380110. International economics
Byline AffiliationsUniversity of Regina, Canada
University of Auckland, New Zealand
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