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America’s political and economic interests in Southeast Asia will change, regardless of who wins the November presidential election, Singapore’s Minister of Trade and Industry Chan Chun Sing said Thursday night.
Speaking at a roundtable at the Singapore Summit Virtual Conference, the Minister said that the United States is committed to peace, security and economic prosperity in Asia and that it will want to continue working with partners for its own interests.
“I think other people are involved is the position with respect to China, and what we consider to be not problems that have to do with personalities, is whether there will be a false basic impression between the status quo on both Chinese and American sides,” he said.
Responding to a question about the effect of the US elections on regional trade, Chan said that whoever wins, the next US president will have to work with China to maintain a global trade formula and security architecture.
“What concerns us is that with the reduced interaction between leaders and the younger generation on both sides, we can inadvertently sow the seeds of long-term misperception,” Chan said. He called for greater interaction between the two superpowers to perceive “where they paint in combination and where they will compete. “
Regarding the global industry in the COVID-19 era, the minister said, “The fitness crisis will be a challenge here and now, but I think we want to look beyond that,” he said, adding later that “many problems” want to be solved in relation to the World Trade Organization.
“We will have to not want us to establish an architecture for the next generation of growth, and that depends a lot on how we expand the new regulations to provide mutual guarantee, security and the loose flow of knowledge in the virtual domain. . . »
The Singapore Summit is supported by the Singapore Economic Development Board, the sovereign investment fund GIC Pte. , the Monetary Authority of Singapore and the state-owned investment firm Temasek Holdings Pte.
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