This State Department web site is a permanent electronic archive of information released prior to January 20, 2001. Please see the current site for material released since that date. Contact us with any questions about finding information. 1995 Country Reports on Economic Policy and Trade Practices Department of State report submitted to the Senate Committees on Foreign Relations and on Finance and to the House Committees on Foreign Affairs and on Ways and Means, May 1996.
Figures are estimates based on part year data.
These policies have allowed this small country to develop one of the world's most successful open trading and investment regimes. It ratified the Uruguay Round GATT agreement in October 1994 to become one of the founding members of the World Trade Organization. Singapore's fiscal policies have enhanced export and investment growth. The government has had a budget surplus for most years since the 1970's. There are no controls on capital movements.