Leaders including Chinese Premier Li Keqiang and US Vice President Mike Pence are meeting this week in the city-state
Singapore’s prime minister Lee Hsien Loong made an impassioned plea Monday for open markets and warned “political pressures” were driving countries apart, in a swipe at rising protectionism at the start of a gathering of world leaders.
Leaders including Chinese Premier Li Keqiang and US Vice President Mike Pence are meeting this week in the city-state against the backdrop of a months-long trade dispute between Beijing and Washington.|ASEAN Summit
Some of those attending are expected to announce major progress on a massive China-backed trade deal that excludes the US, in a rebuke to President Donald Trump’s increasingly unilateralist approach to international commerce.
Trump is skipping the annual summit — which was regularly attended by his predecessor Barack Obama — in a sign of how far he has withdrawn from attempts to shape the global rules of trade and raising new questions about Washington’s commitment to Asia.| International News
Addressing a business forum ahead of this week’s main meetings, Singapore Prime Minister Lee Hsien Loong called for Southeast Asian companies to invest more in each others’ markets and be more open to foreign competition. The more integrated and open our markets are, and the more conducive our rules and business environments to foreign investment, the larger the pie will grow, and the more we will all benefit,” he said.
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