Minister of State for Trade and Industry Alvin Tan says the free trade agreement (FTA) between Singapore and Pacific Alliance offers businesses and investors a stable environment to grow. The FTA entered into force on May 5 to reduce tariffs and lower operating costs for businesses, and builds on bilateral trade, which reached S$12.5 billion last year. Alex Capri, Senior Lecturer at the NUS School of Business and author of Techno-Nationalism: How it’s Reshaping Trade, Geopolitics and Society