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What's next for international trade?

The rise and fall of FTAs may be overblown. Consumers will consume, and trade will find a way to flow. The CFE report is a great starting point for S'pore in these times.

A recent report suggested that US consumers spend less than 3 per cent of their overall consumption on overseas goods and services.

FIRST, there was the WTO Doha round stumble and slow death. Then came the 2009 global financial crisis. Subsequently, the reported creeping increase in the use of non-tariff barriers to trade. Next, the EU-Singapore free-trade agreement (FTA) got stuck in a legal rut, followed by the UK voting...

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