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Singaporean deputy PM calls on ASEAN, China to nurture new areas of complementarities
1 2021-07-13 08:18:37Xinhua
Editor : Li Yan
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Singapore s Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat Monday called on ASEAN and China to fortify the foundations of existing partnerships, and nurture new areas of complementarities.
He said while delivering a keynote speech at the FutureChina Global Forum (FCGF) 2021 that the two sides should strengthen the rules-based multilateral framework for trade and investments. The ASEAN-China Free Trade Agreement (FTA) is a cornerstone agreement that has benefited all members, Heng said. Let us work towards upgrading this agreement, to reduce non-tariff measures and address new priorities, especially for the digital economy.
Why tensions remain between U.S. & China
Speaking at the FutureChina Global Forum 2021 organised by Business China, Heng said the biggest challenge that this region faces is the strategic competition between the U.S. and China.
For the U.S., there is a strong bipartisan consensus that China is the country s main strategic competitor, the Coordinating Minister for Economic Policies said.
Such a view is backed by growing public support, Heng said, adding that the U.S. has rallied its allies by re-energising its ties with the G7, Nato in Europe and the Quad in Asia.
As for China, it wants to stake its rightful position in the world , Heng said.
Singaporean deputy PM calls on ASEAN, China to nurture new areas of complementarities - China News
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