Singapore close to concluding negotiations with Asean partners for upgraded free trade agreement: DPM Gan
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Deputy Prime Minister Gan Kim Yong said that Asean economic ministers are committed to deepening their partnership and will soon conclude negotiations for an upgrade to Asean Trade in Goods Agreement (ATIGA). At a media doorstop on Friday (May 16), DPSingapore close to concluding negotiations with Asean partners for upgraded free trade agreement: DPM Gan
Deputy Prime Minister Gan Kim Yong said that Asean economic ministers are committed to deepening their partnership and will soon conclude negotiations for an upgrade to Asean Trade in Goods Agreement (ATIGA). At a media doorstop on Friday (May 16), DPM Gan, chairman of the Singapore Economic Resilience Taskforce (Sert), provided an update on the taskforce's focus areas, reiterating its three-pronged approach to help businesses and workers cope with the current uncertainty caused by sweeping tariffs imposed by the United States. He highlighted the importance of strengthening Singapore's partnership with key trading partners, particularly within Asean, to bolster the economy. While Singapore and its trading partners may face heightened tariffs from the US, it has stepped up collaboration with Asean and is close to completing negotiations for ATIGA by the end of this month, he said. ATIGA is a free trade agreement (FTA) started in 2009 between Asean members that aims to reduce trade barriers and deepen economic links between member states. Read more