Singapore the largest indirect beneficiary of TPP?

An article titled “10 benefits the Trans-Pacific Partnership will bring Singapore” (published in The Strait Times, dtd 11/16/2015 by Chia Yan Min http://www.straitstimes.com/business/economy/10-benefits-the-trans-pacific-partnership-will-bring-spore) explores the impact of TPP on Singapore. The article notes that the direct impact of TPP on Singapore will be marginal and only 2 new markets, viz. Mexico and Canada will open up. The article notes that the Singapore will benefit more indirectly from the deal. Firstly, the deal, which includes countries with 40% of world GDP and 1/3rd of the world trade would mean a boost of trade among these countries. Singapore, with its logistics and financial infrastructure would be the beneficiary of the trade and financial services. Moreover, the trade boost in ASEAN and removal of equity restrictions would mean higher penetration of Singapore based consulting services for both companies expanding in South East Asia and Government services. But would economic opening up of borders between these countries signal a danger sign for Singapore based companies? Would these services, which are touted to be game changers for Singapore, not shift entirely to other countries like Viet Nam or Malaysia? And considering some protection provided to smaller TPP nations in regards to local content, how much will Singapore actually benefit?

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