“The U.S. free trade agreements with Singapore and Chile contain ground-breaking provisions, which will boost market access opportunities for U.S. exporters, farmers, and services, and protect U.S. intellectual property rights and U.S. investment, among other key provisions,” said Bill Reinsch, President of the National Foreign Trade Council. “The FTAs will also afford
Reinsch noted that U.S. telecommunications companies will be granted increased access to the local telecom markets in both Chile and Singapore in order to build a local customer base, and U.S. law firms will be able to more freely form joint law ventures to operate in Singapore, as legal professionals will face less stringent licensing and accreditation standards in those markets.
These agreements will level the playing field for
“The FTAs with Singapore and Chile will set the example for comprehensive, high-standard FTAs throughout Asia and Latin America and also will provide U.S. businesses with equal footing for competition there. It is now time for Congress to act,” Reinsch concluded.
The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves 350 member companies through its offices in Washington and New York.