In view of the developments in international trade for Singapore, outline the merchandise trade and services trade profile of Singapore using the latest available annual data for the country.
You can refer to resources including those from Enterprise Singapore and the World Trade Organisation for further information.
With reference to the RCEP and other developments pertaining to FTAs for Singapore,
(a) Explain the benefits of FTAs to the country.
(b) Show a major downside of FTAs to the country.
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