Minister for Trade and Industry Chan Chun Sing, who was on an introductory visit to Washington DC, met US Trade Representative Robert Lighthizer.Minister for Trade and Industry Chan Chun Sing, who was on an introductory visit to Washington DC, met Treasury Secretary Steven Mnuchin.[WASHINGTON] The United States should continue to stay engaged in South-east Asia, said Singapore's Minister for Trade and Industry Chan Chun Sing at the end of his first official visit to Washington on Thursday.
Despite the emergence of areas of competition between the two powers, Mr Chan made clear that Singapore's position in these sectors would be guided by principles and economic considerations over geopolitical concerns.Infrastructure development has been a key area of competition, with South-east Asian countries having several options for infrastructure investment - from China's billion-dollar Belt and Road Initiative to a trilateral partnership between the US, Australia and Japan.
The role both countries play in developing infrastructure is not mutually exclusive, Mr Chan said:"I won't rule out that there will be occasions they'll be able to complement each other as well." "Singapore's position to any technology is guided by the following principles: whichever technology we adopt, we want to make sure that it is safe and secure, robust, resilient and reliable. And we'll continue to evaluate all the technologies based on the above criteria," he said.
Mr Chan said that the US and China still had quite a number of short and long-term issues to resolve, but were going into trade negotiations in good faith.
Source: News Formal (newsformal.com)
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