Trade Policy and the Role of Regional and Bilateral FTAs

The Agreement between New Zealand and Singapore for a Closer Economic Partnership (ANZSCEP) that came into force in January 2001 assumes important significance as it is the first comprehensive bilateral FTA that was signed involving Singapore, and also the first bilateral FTA of an ASEAN member, thus initiating the process of new regionalism in Asia. Since ANZSCEP is the only Singapore FTA that has been in force for more than five years now, the time is ripe to study some early effects of the FT