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Deputy PM Gan calls for WTO reform on digital trade, AI, and green transition amid U.S.-China tensions and rising protectionism.
Deputy Prime Minister Gan Kim Yong urges reform of the WTO to address modern challenges like digital trade, AI, green transition, and industrial subsidies, warning that abandoning the rules-based system would harm the global economy.
He advocates for plurilateral agreements as flexible pathfinders for new rules, amid growing U.S.-China tensions and protectionism.
ASEAN nations face uncertainty with U.S.-driven "US-laterals" lacking legal binding frameworks, prompting a push toward regional alliances like RCEP for economic resilience.
Despite slowing global growth, WTO Director-General Ngozi Okonjo-Iweala sees disruption as an opportunity for reglobalisation.
Singapore’s strong economic ties with China, including S$223 billion in investments since 2013, underscore the need for updated, rules-based cooperation in a shifting global landscape.
El viceprimer ministro Gan pide una reforma de la OMC sobre comercio digital, IA y transición verde en medio de las tensiones entre Estados Unidos y China y el creciente proteccionismo.