Singapore ranked among the biggest trading nation in the world. In 2021, the country exported $614 billion in merchandise trade and imported $546 billion SingStat, 2022. This brings the total value of trade for Singapore to $1.16 trillion. In less than 500 words, describe the profile of Singapore’s merchandise trade for the last five years.
Singapore is a party to several Free Trade Agreements. In less than 500 words, indicate the benefits of such agreements using the example of a company based in Singapore engaged in international trade.
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