|
Singapore–United States Free Trade Agreement
The United States–Singapore Free Trade Agreement was signed 6 May 2003 and ratified by the US House of Representatives on 24 July 2003 by a vote of 272-155. The US Senate ratified the bill on 31 July 2003 by a vote of 66-32. President George W. Bush signed into law the United States-Singapore Free Trade Agreement Implementation Act on 3 September 2003. The trade pact was implemented by both countries on 1 January 2004. In addition to lowering of tariffs, the agreement also allowed easier movement of citizens from both countries. With its implementation, it became possible for some Singaporean citizens to reside in the United States for extended periods of time. Business people and traders with E1 or E2 visa are now allowed a two-year stay period but an indefinite extension is allowed. Professionals with H-1B1 visa are allowed to stay for a maximum period of up to 18 months but indefinite extension can be applied for. There is an annual quota of 5,400 visa for Singaporeans, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US House Of Representatives
The United States House of Representatives is a chamber of the bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of the U.S. Constitution to pass or defeat federal legislation, known as bills. Those that are also passed by the Senate are sent to the president for signature or veto. The House's exclusive powers include initiating all revenue bills, impeaching federal officers, and electing the president if no candidate receives a majority of votes in the Electoral College. Members of the House serve a fixed term of two years, with each seat up for election before the start of the next Congress. Special elections also occur when a seat is vacated early enough. The House's composition was established by Article One of the United States Constitution. The House is composed of representatives who, pursuant to the Uniform Congressional District Act, sit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free-trade Area
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move between the countries, in addition to a free trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration. Customs unions are a special type of free trade area. All such areas have internal arrangements which parties conclude in order to liberalize and facilitate trade among themselves. The crucial difference between customs unions and free trade areas is their approach to third parties. While a customs union requires all parties to establish and maintain identical external tariffs with regard to trade with non-parties, parties to a free trade area are not subject to this requiremen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore–United States Relations
The Bilateralism, bilateral relations between the Singapore, Republic of Singapore and the United States, United States of America are positive. According to the U.S. Global Leadership Report, 77% of Singaporeans approved of U.S. leadership under the Obama Administration in 2010, and while this approval rating decreased slightly down to 75% in 2011, it nonetheless remains one of the highest ratings of the U.S. for any surveyed country in the Asia-Pacific region. Despite the close relationship between the two countries, on 1 April 2022, Prime Minister Lee Hsien Loong stated that Singapore is not an ally of the U.S., will not conduct military operations on behalf of the U.S., and will not seek direct military support from the U.S. This was reiterated by Lawrence Wong in 2024. History In 1961 the Singaporean government arrested two CIA agents who attempted to bribe a Singaporean official in exchange for providing information to the CIA. Prime Minister Lee Kuan Yew requested 35 milli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaties Entered Into Force In 2004
A treaty is a formal, legally binding written agreement between sovereign states and/or international organizations that is governed by international law. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms; however, only documents that are legally binding on the parties are considered treaties under international law. Treaties may be bilateral (between two countries) or multilateral (involving more than two countries). Treaties are among the earliest manifestations of international relations; the first known example is a border agreement between the Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in some form by most major civilizations and became increasingly common and more sophisticated during the early modern era. The early 19th century saw developments in diplomacy, foreign policy, and international law reflected by the widespread use of tre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaties Concluded In 2003
A treaty is a formal, legally binding written agreement between sovereign states and/or international organizations that is governed by international law. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms; however, only documents that are legally binding on the parties are considered treaties under international law. Treaties may be bilateral (between two countries) or multilateral (involving more than two countries). Treaties are among the earliest manifestations of international relations; the first known example is a border agreement between the Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in some form by most major civilizations and became increasingly common and more sophisticated during the early modern era. The early 19th century saw developments in diplomacy, foreign policy, and international law reflected by the widespread use of trea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade Agreements Of The United States
The United States is party to many free trade agreements (FTAs) worldwide. Beginning with the Theodore Roosevelt administration, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America. The United States helped negotiate the General Agreement on Tariffs and Trade (later the World Trade Organization). Active agreements The following agreements are currently in effect, signature and entry into force dates are as listed by the World Trade Organization. Negotiations The following agreements have begun negotiations since 2020. Obsolete agreements Failed proposals Free Trade Area of the Americas * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Trans-Pacific Partnership * * * * * * * * * * * Transatlantic Trade and Investment Partnership * See also * Bilateral Investment Treaty * European Union free trade agreements * Fre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Singapore
The economy of Singapore is a Developed country, highly developed mixed economy, mixed market economy with dirigiste characteristics. Singapore's economy has been consistently ranked as the most open in the world, the Corruption in Singapore, joint 4th-least corrupt, and the most pro-business. Singapore has low tax rate, tax-rates and the List of countries by GDP (PPP) per capita, second highest per-capita GDP in the world in terms of purchasing power parity (PPP). The Asia-Pacific Economic Cooperation (APEC) is headquartered in Singapore. Alongside the business-friendly reputation for global and local Privately held company, privately held companies and Public company, public companies, various national state-owned enterprises play a substantial role in Singapore's economy. The sovereign wealth fund Temasek Holdings holds majority stakes in several of the nation's largest bellwether companies, such as Singapore Airlines, Singtel, ST Engineering and Mediacorp. With regards to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 In The United States
Events from the year 2003 in the United States. Incumbents Federal government * President: George W. Bush ( R-Texas) * Vice President: Dick Cheney ( R-Wyoming) * Chief Justice: William Rehnquist (Virginia) * Speaker of the House of Representatives: Dennis Hastert ( R-Illinois) * Senate Majority Leader: ::Tom Daschle ( D-South Dakota) (until January 3) ::Bill Frist ( R-Tennessee) (starting January 3) * Congress: 107th (until January 3), 108th (starting January 3) Events January * January – Sky marshals are introduced on U.S. airlines in an attempt to prevent hijackings. * January 3 ** The 108th United States Congress is sworn in, including incoming freshmen Senators Saxby Chambliss (R-GA), Lindsey Graham (R-SC), John Sununu (R-NH), Lamar Alexander (R-TN), Elizabeth Dole (R-NC), Norm Coleman (R-MN), and Mark Pryor (D-AR). ** The Ohio State University defeats the University of Miami in double-overtime in the Fiesta Bowl, 31–24, for the national Bowl Cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 In Singapore
The following lists events that happened during 2003 in Singapore. Incumbents *President: S.R. Nathan *Prime Minister: Goh Chok Tong Events January * 1 January – **The Goods and Services Tax is raised from 3% to 4%. **The Media Development Authority is formed to better regulate and encourage Singapore's media industry. * 3 January – RSS Courageous got into a collision with ANL Indonesia, causing four fatalities. An investigation found that errors by the RSS Courageous crew contributed to the tragedy. * 5 January - Ang Mo Kio Public Library is officially reopened after a one year renovation. * 17 January – The Majestic is opened as a shopping mall after being renovated from a theatre. * 18 January – The East Loop of the Sengkang LRT line is opened, as well as the Sengkang Bus Interchange which is Singapore's second air-conditioned bus interchange. * 20 January – Stage 3 of the Circle MRT line is announced, which will travel through Serangoon and Bishan. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariffs
A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to supporters, would stimulate their country's econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Access
In international trade, market access refers to a company's ability to enter a foreign market by selling its goods and services in another country. Market access is not the same as free trade, because market access is normally subject to conditions or requirements (such as tariffs or Import quota, quotas), whereas under ideal free trade conditions goods and services can circulate across borders without any Trade barrier, barriers to trade. Expanding market access is therefore often a more achievable goal of trade negotiations than achieving free trade. Market access concessions and limitations to market access differ greatly between trade in goods and trade in services. While market access for goods mainly involves measures at the border such as customs duties or quantitative restrictions, market access for services relates more to the application of domestic regulation behind the border. Moreover, in a world of proliferating regionalism, preferential market access for goods and se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Senate
The United States Senate is a chamber of the bicameral United States Congress; it is the upper house, with the U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the U.S. Constitution to pass or defeat federal legislation. The Senate also has exclusive power to confirm U.S. presidential appointments, to approve or reject treaties, and to convict or exonerate impeachment cases brought by the House. The Senate and the House provide a check and balance on the powers of the executive and judicial branches of government. The composition and powers of the Senate are established in Article One of the U.S. Constitution, which has been in continuous effect since March 4, 1789. Each of the 50 states is represented by two senators who serve staggered six-year terms. In total, the Senate consists of 100 members. From its inception in 1789 until 1913, senators were appointed by the state legislature o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
