Annual Report 2001/2002

Global Free Trade and Free Trade Agreements

MAS represents Singapore in financial services negotiations at the World Trade Organisation (WTO), and will participate in the new round of WTO trade talks which were launched in Doha in November 2001. MAS is also involved in negotiations on financial liberalisation under the Association of Southeast Asian Nations (ASEAN) Framework Agreement on Services, which aims to achieve full trade liberalisation of services by the year 2020. On 5 April 2002, the ASEAN Finance Ministers signed the Protocol in Yangon implementing the second package of financial services commitments, and launched a third round of negotiations.

MAS has also been actively involved in discussions on financial services sector liberalisation and co-operation, as part of Singapore’s efforts to forge Free Trade Agreements (FTA) with key trading partners. The Japan-Singapore Agreement for a New Age Economic Partnership (JSEPA) was signed in Singapore on 13 January 2002. Negotiations for the EFTA-Singapore FTA (ESFTA) were also completed in March 2002 and signed in June 2002.

[MAS in the International Arena] [International Relations] [Anti -Money Laundering Efforts] [Information Exchange, Bilateral Dialogue] [International Policy Dialogue] [Global Free Trade and Agreements] [Relations with IMF] [Standard-Setting and Innovation]

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