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09-11-2014, 11:10 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
"We may have gone overboard with supporting preferential trading agreements, or free trade agreements (FTAs).
A lot of FTAs are only good for winning people kudos...a lot of these agreements reached in SEA region give you a feel-good impression but the actual trade-enhancing benefits are actually quite minimal...it looks good for the govt signing the agreement , the bureaucrat doing the work.
It may have the benefit of improving the relationship between the parties, but it doesn't mean you are actually going to bring significant trade benefits."
- Barry Desker, interview with ST 8th November
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?193680-Ex-SG-envoy-We-may-have-gone-overboard-in-FTAs&goto=newpost).
"We may have gone overboard with supporting preferential trading agreements, or free trade agreements (FTAs).
A lot of FTAs are only good for winning people kudos...a lot of these agreements reached in SEA region give you a feel-good impression but the actual trade-enhancing benefits are actually quite minimal...it looks good for the govt signing the agreement , the bureaucrat doing the work.
It may have the benefit of improving the relationship between the parties, but it doesn't mean you are actually going to bring significant trade benefits."
- Barry Desker, interview with ST 8th November
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?193680-Ex-SG-envoy-We-may-have-gone-overboard-in-FTAs&goto=newpost).