Boosting competition, innovation best for consumer protection: Chan Chun Sing

The Government's job is to ensure low barriers to entry so that markets can continue to have potential competition said Trade and Industry Minister Chan Chun Sing.
The Government's job is to ensure low barriers to entry so that markets can continue to have potential competition said Trade and Industry Minister Chan Chun Sing.ST PHOTO: TIMOTHY DAVID

In an interview with The Sunday Times, Minister for Trade and Industry Chan Chun Sing spoke about new areas of growth for the economy, the importance of diversification, as well as global trade and competition.

The best form of consumer protection is to promote competition and innovation, Trade and Industry Minister Chan Chun Sing said.

The Government's job is to ensure low barriers to entry so that markets can continue to have potential competition, he said in an interview.

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A version of this article appeared in the print edition of The Sunday Times on October 20, 2019, with the headline 'Boosting competition, innovation best for consumer protection'. Print Edition | Subscribe