He called for deeper regional economic integration at an informal dialogue on Nov 15.
LIMA - Take steps towards a free trade area spanning the Pacific Ocean, as difficult as that might be, Prime Minister Lawrence Wong urged world leaders at theHe was speaking of the Free Trade Area of the Asia-Pacific , a trade deal involving all 21 Apec members which has been in the works for years.
PM Wong said the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and Regional Comprehensive Economic Partnership should be kept inclusive. In his speech, PM Wong noted that the world is at an inflexion point after decades of free trade and globalisation. This changing operating environment is straining the rules-based multilateral system and increasing the risk of wider economic fragmentation, PM Wong said.
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