Singapore Trade Agreement With Us

They also argue that the U.S. could be in danger of being abandoned, as other nations enter into free trade agreements that do not include the U.S. As for the United States, it also has low trade barriers, with the exception of certain protected sectors such as light trucks and textiles and clothing. According to table 2, the United States collected $87.5 million in tariffs on imports from Singapore in 2002, an average of 0.6 per cent. This low average tariff is the result of a combination of low tariffs on most products and relatively high tariffs on a small number of protected products. .