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Singapore's DPM Urges Trade Agreements Amid Global Tensions

3/13/2025

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Summary

Story summary

Singapore's Deputy Prime Minister Gan Kim Yong passionately underscored Asia's remarkable growth potential amid escalating global trade tensions. He warned that rising tariffs threaten to disrupt supply chains and hinder economic progress. Gan championed vital trade agreements, such as the ASEAN Trade in Goods Agreement and the Regional Comprehensive Economic Partnership, as essential tools for boosting intra-ASEAN trade and strengthening resilience.

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Story summary

Singapore's Deputy Prime Minister Gan Kim Yong passionately underscored Asia's remarkable growth potential amid escalating global trade tensions. He warned that rising tariffs threaten to disrupt supply chains and hinder economic progress. Gan championed vital trade agreements, such as the ASEAN Trade in Goods Agreement and the Regional Comprehensive Economic Partnership, as essential tools for boosting intra-ASEAN trade and strengthening resilience.