real estate investments

United States and Singapore Welcome Increased Trade and Investment ...

Washington D.C. -- U.S. and Singaporean officials met in Singapore today and welcomed the continued increase in trade and investment since the Free Trade Agreement (FTA) between the two countries entered into force on January 1, 2004. Two-way trade has surged 34 percent since the FTA came into force and Singapore is now the United States ninth largest export market, moving up from eleventh place in 2003. Officials from the United States and Singapore, who met for the third annual review of the FTA, also noted the continued strong growth in investment flows since the FTA entered into force. The FTA has further enhanced Singapore's attractiveness as an investment destination, and it is now the third largest recipient of U.S. foreign direct investment in the Asia-Pacific, after Australia and Japan.