Factor | Description | Note |
---|---|---|
Tariff | Eliminated tariffs on goods covering 98.5% of trade | Higher than WTO zero-tariff commitments (65%) |
Tariff | Japan doubled its zero-tariff commitments to Singapore: 34% to 77% | |
Non-tariff barrier | Streamline customs clearance | Paperless trading |
Mutual Recognition | "ensure the mutual recognition of test results and certification by accredited conformity assessment bodies in either countries" | |
Services | Facilitation Measures: Trade and investment flows | |
Tourism | Joint Committee on Tourism | |
Information, Communication Technology (ICT) | E.g., telecommunications and e-Commerce | |
Broadband |
Variable Name | Variable Type | Description | Units |
---|---|---|---|
lvalue | Dependent | Dollar Value of Trade Between Trade Partners | Log Trade Value in Nominal Terms |
lyy | Independent | GDP Product | Log GDP Product |
ldistance | Independent | Distance Between Bilateral Trading Partners | Log Bilateral Distance |
Contiguous | Independent, Dummy | Whether Trading Partners are Land Contiguous | Binary |
comlang_off | Independent, dummy | Whether Trading Partners Share an Official Language | Binary |
colony | Independent, dummy | Whether Trading Partners Were Ever in a Colonial Realtionship | Binary |
gatt_both | Independent, dummy | Whether Trading Partners Are Both in the GATT | Binary |
Year | Independent, dummy control | Time Controls | Binary |
Importer | Independent, dummy control | Importer Country Controls | Binary |
Exporter | Independent, dummy control | Exporter Country Controls | Binary |