TOKYO – It will take time to persuade major powers that “de-risking” in global trade comes with the same risks as decoupling. But it is important that those who worry about its unintended consequences, like Singapore, speak up, said Deputy Prime Minister Lawrence Wong.“Whether or not countries are receptive to the message, well, I think they understand the logic and the risk,” he said on Friday.
Mr Wong was speaking to the Singapore media at the end of his official trip to Tokyo, where he had delivered a pointed speech at a conference on how de-risking could just as well lead to a polarised world economy. During his visit, he also met Japan’s political and business leaders.
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