Open trade and investments key to fighting global poverty, says PM Wong at G-20 Summit
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RIO DE JANEIRO — Countries can fight poverty by sustaining economic growth through open trade and investments, said Prime Minister Lawrence Wong on Nov 18. Growth and trade remain one of the best ways to create jobs, he told Group of 20 (G-20) leaders atOpen trade and investments key to fighting global poverty, says PM Wong at G-20 Summit
RIO DE JANEIRO — Countries can fight poverty by sustaining economic growth through open trade and investments, said Prime Minister Lawrence Wong on Nov 18. Growth and trade remain one of the best ways to create jobs, he told Group of 20 (G-20) leaders at a discussion on poverty and hunger at the G-20 Summit in Rio de Janeiro, Brazil. «Jobs, in turn, are the most direct way to reduce poverty,» he said, adding that this is because they provide a path to dignity, stability and self-reliance. This is why efforts to reform and strengthen the World Trade Organisation are so important, PM Wong said. Brazilian President Luiz Inacio Lula da Silva launched a global alliance against hunger and poverty on day one of the G-20 Summit. More than 80 countries, including Singapore, have agreed to back it. In his speech, PM Wong said the most direct way to tackle hunger and poverty is to stop conflicts and wars, and provide assistance to conflict zones where needs are greatest. Singapore is doing its part where possible, including providing several rounds of humanitarian aid for people in Gaza, he added.