Trade policy of the Republic of Singapore

Authors

  • Nadezhda Petrovna Volovik E.T. Gaidar Institute for Economic Policy
  • Sergey Vadimovich Prikhodko E.T. Gaidar Institute for Economic Policy

Keywords:

Trade policy, free trade, tariff regulation, customs tariff, excise duties, non-tariff measures, import prohibitions, licensing, standards, technical regulations, sanitary and phytosanitary measures

Abstract

Singapore is the most convenient country in the world for doing business. Simple and clear rules, moderate taxation and tax incentives create a favorable investment climate. The main objectives of trade policies of Singapore are the expansion of the international economic space for Singapore companies; establishing a fair and predictable international trading environment; minimizing barriers to the flow of imports. The country seeks to achieve these objectives, maintaining contacts with trading partners at the multilateral, regional and bilateral levels. In November 2015, the Russian Federation and the Republic of Singapore announced the beginning of consultations regarding the possibility of creating a free trade zone. The article deals with the creation of a mechanism governing the access of foreign goods to the domestic market in Singapore.

Author Biographies

Nadezhda Petrovna Volovik, E.T. Gaidar Institute for Economic Policy

Work place, position: E.T. Gaidar Institute for Economic Policy, Foreign Economic Activity Laboratory, the head

Sergey Vadimovich Prikhodko, E.T. Gaidar Institute for Economic Policy

Candidate of Economic Sciences

Work place, position: E.T. Gaidar Institute for Economic Policy, Executive Director

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Published

2024-02-08

How to Cite

Volovik, N. P., & Prikhodko, S. V. (2024). Trade policy of the Republic of Singapore. Russian Foreign Economic Journal, (5), 43–49. Retrieved from https://journal.vavt.ru/rfej/article/view/2264

Issue

No. 5 (2016)

Section

Foreign trade activity

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