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(Bloomberg) – America’s political and economic interests in Southeast Asia will change, regardless of who wins the November presidential election, Trade and Industry Minister 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 sides. “Chinese and Americans, ” he said.
Answering a question about the effect of U. S. elections on regional trade, Chan said that whoever wins, the next U. S. president will have to work with China to maintain a global trade formula and security architecture.
“What concerns us is that with 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. “
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.
Here are some comments from Chan:
On the global industry in the Covid-19 era: “The fitness crisis will at all times be a challenge here and now, but I think we want to look beyond that,” he said, then added that “many problems” need to be solved in relationship with the World Trade Organization “We must not want to put in position an architecture for the next generation of growth, and that depends a lot on how we elaborate the new regulations to provide mutual insurance, security and knowledge flow in the virtual realm” global digitization: “People think blue-collar people are the ones in danger and that’s because their jobs can be repositioned through robots and automation,” he said. “Now, to a certain extent, this is true, but more and more I think the world is knowing that the festival is even more difficult for the administrative work that can be done on the Internet. ” Which Industries Singapore will focus on in its new markets, he said, ICT, financial, medical and precision engineering facilities are among those that are doing well. “In fact, we will accentuate our efforts for them to expand and enter global markets,” he said. “Today at Covid global we will have a mix of virtual and live experience, and in Singapore we are pioneers in what we call ‘hybrid activities’ that mix the physical and the virtual. “
Chan’s comments come as Singapore continues to reopen its economy after a two-month partial blockade that began in April due to an increase in Covid-19 infections. These measures helped involve Covid-19 in the island nation, as the number of new infections decreased. .
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