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PM Wong urges Apec leaders to deepen economic integration
The Straits Times
|November 17, 2024
He says grouping must also continue making progress on inclusive and sustainable growth
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 the Asia-Pacific Economic Cooperation (Apec) summit in Lima, Peru.
He was speaking of the Free Trade Area of the Asia-Pacific (FTAAP), a trade deal involving all 21 Apec members that has been in the works for years.
Addressing leaders at an informal dialogue on Nov 15, PM Wong called for deeper regional economic integration and made suggestions on how Apec might achieve its goals.
"Step by step, we can put in place these developments to show that FTAAP is not a pipe dream," he added.
PM Wong said the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Regional Comprehensive Economic Partnership should be kept inclusive.
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