Is the Trans-Atlantic Trade Agreement Driven by a Fear of Asia? |

Is the Trans-Atlantic Trade Agreement Driven by a Fear of Asia?

Also availabe on NUS Webcast


The Trans-Atlantic Free Trade Agreement (TAFTA) was proposed to create a free trade area between the United States and the European Union. Although raised and considered initially in the 1990s and then again in 2007, it has not resulted in any conclusion or outcome. There remain many obstacles to the agreement’s finalisation, including the divergent governing practices of both regions as well as the complexity and work that such an agreement would entail. Proponents, on the other hand, have claimed the agreement would boost inter-regional trade and growth by up to 50%, and provide an economic counterpoint to Asia.

In his 2013 State of the Union address, US President Barack Obama called for the adoption of TAFTA, thus ramping up momentum in the lead-up to the 16th round of TAFTA negotiations scheduled to take place in Singapore in March 2013. The Panel Discussion will therefore cover the motivations behind TAFTA, and whether and to what extent the adoption of TAFTA will be a game-changer in global trade. The Panel Discussion will also touch on whether the revival of TAFTA discussions is driven by a fear of an emergent Asia, and what impact the TAFTA will have on Asia.

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Prof. Victor Halberstadt, Professor of Economics, Leiden University (The Netherlands);
Ambassador Susan C. Schwab, Professor of Public Policy, University of Maryland

Monday, 18 March 2013
5:15 p.m. - 6:30 p.m.

Lobby, Oei Tiong Ham Building,
Lee Kuan Yew School of Public Policy,
469C Bukit Timah Road,
Singapore 259772

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