This high degree of openness leaves Singapore vulnerable to periodic
external shocks, but the economy’s flexibility has enabled it to adjust
rapidly to these shocks by improving productivity, and thus
international competitiveness, which in turn contributes to economic
growth and higher living standards.
In the long term, as city-state of around 4.5 million people, which is
heavily dependent on trade in goods in services, Singapore will need to
rely more on domestic consumption as a source of growth to help balance
fluctuations in external demand and thus reduce its vulnerability to
The WTO report, along with a policy statement by the Government of
Singapore, will be the basis of the fifth TPR of Singapore by the Trade
Policy Review Body of the WTO on 14 and 16 July 2008.
The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Barbados: 17 and 19 September
Republic of Korea: 8 and 10 October 2008
Norway: 22 and 24 October 2008
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