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The US Remains a Critical Partner for Singapore and for ASEAN: Vivian
The Straits Times
|March 07, 2025
Minister notes that the US is the largest foreign investor in S-E Asia by a significant margin
Singapore will continue to highlight the "mutually beneficial nature of ASEAN interactions and engagement with the United States" so that the region continues to prosper, said Foreign Minister Vivian Balakrishnan.
Dr Balakrishnan told Parliament on March 6 that the US' presence in South-east Asia has underpinned peace, stability and prosperity in the region for many decades.
"The United States remains a critical partner for Singapore and for ASEAN," he said, noting how it is the largest foreign investor in South-east Asia by a significant margin, and the region's second-largest trading partner.
The ASEAN website says that according to preliminary statistics, trade between the US and the region amounted to US$294.6 billion (S$392.3 billion) in 2019.
Dr Balakrishnan held up ASEAN's growing economic significance, highlighting that the region is on track to become the world's fourth-largest economy by 2030.
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