Dynamic Effects of the "New Age" Free Trade Agreement between Japan and Singapore

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  • 1 January 2001
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      • Published in RePEc
Abstract
As manufacturing tariffs have fallen worldwide, the focus of free trade agreements has shifted towards other issues, including: rules governing foreign investment, e-commerce regulations, trade in services, harmonization of technical standards, sanitary and phyto-sanitary regulations, and the streamlining of customs procedures. Japan and Singapore are undertaking negotiations over this kind of "new-age" FTA. The purpose of this paper is to evaluate the impact of the FTA on production, consumption, trade, international investment flows, GDP and welfare. We use a modified version of the dynamic GTAP Model, which is well-suited to capturing the impact of this new-age FTA over both the short run and the longer run.
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