Asean-China economic cooperation can progress faster when political issues are also worked on: PM Lee

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Asean-China economic cooperation can progress faster when political issues are also worked on: PM Lee
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The world cannot afford a conflict between China and the rest of the world, or US and China, PM Lee stressed. Read more at straitstimes.com.

SINGAPORE - Political issues between Asean and China will need to be worked on to pave the way for further progress on economic cooperation, said Prime Minister Lee Hsien Loong.negotiations over which have been stalled

This is not easy for both sides, he said. “But I think it is absolutely essential to do, because the world cannot afford a conflict between China and the rest of the world, and in particular between China and the United States.” PM Lee said Singapore, as one of the smallest of Asean’s 10 member states, has a “modest conception” of its role in the grouping. ”But we will participate in it fully and try to help it to move forward.”

He cited the example of the code of conduct for the South China Sea, which is meant to provide guidelines to manage conflict in the disputed area. China claims almost the entire waterway, but there are competing claims from Brunei, Malaysia, the Philippines, Vietnam and Taiwan. he said he hopes the leadership can build on the contact, and the overall situation can be stable. “And then, gradually, you can improve things. But it will take time. It is not easy and there are political pressures on both sides.”The current tense relationship between the US and China means “it is not so easy” for both to work together, even when the opportunity arises, such as in pandemic cooperation or climate change, he added.

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