By John Ross Source: CRI Published: 2015-11-18
File photo fo Singapore [Photo: nipic.com]
China and Singapore have started talks aimed at upgrading their current free trade agreement negotiations.
The two sides are expected to conclude the negotiations by the end of next year.
The CSFTA, which came into force in January 2009, was the Chinese government`s first such agreement with any Asian country.
Under the current terms, 95 percent of Singapore`s exports to China are already duty free, while there are no tariffs on all Chinese exports to Singapore.
For more on this, CRI`s Shane Bigham spoke with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.
Beijing has accused the U.S. of perpetuating a Cold War mentality as President Joe Biden and senior administration officials shore up alliances in the Pacific region to counter China’s growing influence and increasingly describe the country as a geopolitical threat.