U.S., Singapore Work on Trade Deal
BANDAR SERI BEGAWAN, Brunei (AP) _ President Clinton and Singapore’s Prime Minister Goh Chok Tong agreed Thursday to negotiate a free trade agreement between their nations.
U.S. Trade Representative Charlene Barshefsky and Singapore’s Trade and Industry Minister George Yeo will work toward concluding their talks by the end of the year, according to a joint statement.
The agreement will be modeled after a recent one between the United States and Jordan that removed all trade barriers between those two countries, the statement said.
If that deal is approved by Congress, Jordan would become only the fourth country with which the United States has a free-trade agreement. The others are Canada, Mexico and Israel.
Clinton and Goh met on the sidelines of the 21-nation Asia-Pacific Economic Cooperation summit. free trade agreement.