Singapore and the United States share a close, long-standing, and multifaceted relationship, predicated on broad convergent strategic interests in Asia and globally. Singapore enjoys strong defence, economic and political ties with the US, underpinned by the US-Singapore Free Trade Agreement that came into force on 1 January 2004 and the Strategic Framework Agreement signed in July 2005. The relationship has broadened to include new areas such as information technology, health, education and the fight against terrorism. Bilateral relations have remained stable and positive under the current Administration of US President Barack Obama.