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PM Lawrence Wong fielding questions during the media wrap-up after the Apec summit in Lima, Peru on Nov 16. - Photo: ST
Singapore is a part of the 21-member Apec, which includes major world powers such as the US, China and Russia and whose economies make up close to half of global trade. The last time the Republic hosted an Apec summit was in 2009. In their joint declaration at the summit’s close, Apec leaders reaffirmed their countries’ support for the rules-based multilateral trading system, with the World Trade Organisation at its core. They also recommitted to advancing economic integration in the Asia-Pacific and to keep working to deliver an open, inclusive and predictable trade and investment environment.
The grouping is where small, open economies like Singapore have often come together to be pathfinders, he observed.
Offers To Host Apec Summit In 2030
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