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

Wu, T. and Chadee, D. (2003) Japan’s new trade policy: a free trade agreement with Singapore. In: 45th Annual Meeting of the Academy of International Business, 5-8 Jul 2003, Monterey, USA.


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.

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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 12 Dec 2017 23:35
Last Modified: 13 Dec 2017 01:29
Uncontrolled Keywords: Japan-Singapore free trade agreement, Japanese perspective, trade policy from multilateralism to bilateralism-Japan
Fields of Research (2008): 15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150308 International Business
14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350706 International business
38 ECONOMICS > 3801 Applied economics > 380110 International economics
URI: http://eprints.usq.edu.au/id/eprint/7356

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