Singapore Backs Rules-Based Trade Despite Short-Term Pain, BT Reports

Singapore will stick to its rules-based trade principles even if it comes at a short-term cost, the Business Times reported Wednesday, citing the country’s Deputy Prime Minister Gan Kim Yong.

“This is important for us as a hub economy. We have to be a trusted partner… No one will send their goods through Singapore if they do not trust us,” Gan said in response to a question on how Singapore assessed the US as a long-term strategic and economic partner.