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POFMA and FICA - Coggle Diagram

- - - - Requires a country to remove or lower tariffs on substantially all trade between FTA partners
      - Accord protection to foreign investments and ensure that regulations are imposed fairly on both local and foreign firms
      - Setting the standards on the protection of intellectual property
      - Newer FTAs may also set certain environmental and labour standards
  - - - Provides more opportunities to expand beyond Singapore
    - - Job creation in Singapore
  - - - Not true. Indian nationals still have to apply for the relevant passes to work in Singapore. This entry criteria is the same for all other foreign applicants.
      - Obligations laid out in the agreement is to process applications for temporary entry with some expedition and a certain transparency (informing applicants of the outcomes and not leaving them in suspense)
  - - - Capturing the trade flows through the Straits of Malacca and Singapore. PSA became the largest container transhipment port in the world
      - Becoming an aviation node, with Changi airport being one of the busiest airports in the world
      - International trade and an openness to the world as key factors in the success of Singapore's economy
- - - - Risks of a rogue government abusing the power of the FICA law will be far smaller than a rogue foreign interference
      - Coupling this law with good governance, such that a balance between allowing the government act expediently and at the same time, providing for checks against abuses
      - Judicial processes might not be the best approach to certain situations, especially when speed and immediacy is required
        
        Documents and information used in such a judicial process also might be highly secret intelligence, and it would not make sense to make it available to the public, the suspects and their lawyers
      - If we had stuck to the approach of looking at everything on the basis only of the rights of the person accused, in the way that, say, the United States or the United Kingdom looks at it, without balancing the rights of the society, we will not have the safe and crime-free society we have today.