‘Constructive dialogue’ necessary for peace and stability in Korean Peninsula: PM Lee
Speaking to reporters during a joint press conference with South Korean President Moon Jae-in, Prime Minister Lee Hsien Loong also said he appreciates his personal efforts to encourage dialogue with the North.
(Updated: )
Ricky Lim
He expressed the hope that progress could be made on existing areas of cooperation like trade. For example, he hoped that the next implementation review of the Korea-Singapore Free Trade Agreement (KSFTA) can be held soon.
“It will show the international community that our countries are committed to free and open trade,” he said.
During the visit, Mr Lee and Mr Moon also witnessed the signing of six Memoranda of Understanding covering the environment, free trade, smart grids, the fourth industrial revolution, small and medium enterprises, and investments.
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With the ugly global trade tension rearing its head, upgrading of the Korea-Singapore FTA to cover new trade, business and investment areas will be a good cushion and mitigating factors to compensate for the loss in global trade.
Both Singapore and S Korea are mature Economies and meaningful cooperation can help to achieve mutually beneficial outcome.
“It will show the international community that our countries are committed to free and open trade,” he said.
During the visit, Mr Lee and Mr Moon also witnessed the signing of six Memoranda of Understanding covering the environment, free trade, smart grids, the fourth industrial revolution, small and medium enterprises, and investments.
--
With the ugly global trade tension rearing its head, upgrading of the Korea-Singapore FTA to cover new trade, business and investment areas will be a good cushion and mitigating factors to compensate for the loss in global trade.
Both Singapore and S Korea are mature Economies and meaningful cooperation can help to achieve mutually beneficial outcome.
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