OSAKA: Prime Minister Lee Hsien Loong on Saturday said that it is “good news” that the United States and China have decided to restart trade talks that broke down earlier this year, but there is a long way to go before the problems are solved.
If the two economic heavyweights work out an agreement that fits into an international framework instead of one that benefits just the two of them and disadvantages the rest of the world, it would be good for Singapore, Mr Lee said. It is also important for Singapore to work hand in hand with countries within the Association of Southeast Asian Nation and other like-minded countries like Japan to make voices collectively heard on common causes, Mr Lee added.
In fact, the situation has changed significantly from four or five years ago, Mr Lee said. Then, differences were on the lines of developed versus developing countries. Now, however, the divisions are even within developed countries, he added.
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