US-Singapore trade up 19pc in 2006
Afp, Singapore
Trade between Singapore and the United States rose 19 percent in 2006 from the year before, the second fastest growth rate among Washington's major trading partners, the American Chamber of Commerce here said Thursday. Two-way trade totalled 42.5 billion dollars, boosted by a bilateral free-trade agreement (FTA) which came into effect in 2004, AmCham said in a statement. Only US trade with China expanded more rapidly at 20.2 percent, it said. "The FTA has had the effect of increasing business confidence in Singapore and has supported the Singapore government's efforts to promote the country's standing in the region as a high-trust economy," said AmCham Singapore executive director Dom LaVigne.
|
|
