US-Singapore Free Trade Agreement
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The US-Singapore Free Trade Agreement was signed May 6, 2003 and ratified by the US House of Representatives on July 24, 2003 by a vote of 272-155. The US Senate ratified the bill on July 31, 2003 by a vote of 66-32.[1] President George W. Bush signed into law the United States-Singapore Free Trade Agreement Implementation Act on September 3, 2003. [2] The trade pact was implemented by both countries on January 1, 2004.
[edit] Views in favor of US-Singapore FTA
Proponents of the US-Singapore FTA claim that the reduction of trade barriers between the two countries will lead to a growth in exports.
[edit] Views opposed to the US-Singapore FTA
Opponents of the US-Singapore FTA claimed that it would lead to a worsening of inequality within the two countries, and give expansive new rights to corporations.
