Abstract
This paper discusses the potential shortcomings of existing free trade agreements and the desired elements of future free trade agreements in response to some new global economic structure changes. We present our discussion based on the experience of Singapore. We highlight that future free trade agreements should be more comprehensive and try to address the following key challenges: eliminating non-tariff trade barriers and limit potential new restrictions on trade; lower the trade policy uncertainty; protect intellectual property in a international setting to encourage innovation; managing immigration and FDI policies in a coordinated way across countries; improve regional and global production integration given the nature of global production networks.
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