Free Trade Agreements are not about freeing up trade
Contrary to its name, Free Trade Agreements (FTAs) are not about freeing up trade. Prior to the signing of the United States - Singapore Free Trade Agreement (USSFTA) in 2003, Singapore imposed tariffs on only three products - beer, stout and samsoo. Trade was already free. Why then would the Americans want to sign a Free Trade...
43rd ASEAN Summit
The 43rd ASEAN Summit has opened in Jakarta. Lhl is leading the Singapore delegation. Apart from the participation of ASEAN member countries minus Myanmar, China's Prime Minister Li Gang, US's Vice President Kamala Harris, Japanese Prime Minister Kishida and other foreign leaders are also attending. At this golden opportunity,...
The Forced Awakening of China and Decline of America
It is a spectacular sight of witnessing how Trump alone could reverse rapid Globalization of supply chain and eventually end the American dominance in both hardware and software High TECH industry. On the surface, Trump is doing whatever he can to curb the growth of Chinese companies like ZTE and Huawei but in the long run it...
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