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President Bush and PM Goh sign landmark US-Singapore free trade pact
Singapore and the US have signed a landmark Free Trade Agreement (FTA), the first such pact between Washington and an Asian state.
President George W Bush and Singapore Prime Minister Goh Chok Tong signed the historic pact in Washington, in the presence of prominent diplomats, politicians and business leaders from both countries.
The signing of the agreement in a special ceremony at the White House was the culmination of two years of tough negotiations.
The US sees the pact as a stepping stone to a potential 500 million consumers in Southeast Asia, as Singapore is a vital hub for trade throughout the region.
Trade experts also see the deal as a blueprint for other such pacts with partners in Asia and elsewhere.
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