Minister Chan Chun Sing calls for deeper regional economic integration during Apec meeting

Minister for Trade and Industry of Singapore, Chan Chun Sing at the Apec Ministers Responsible for Trade Meeting in Vina del Mar, Chile.
Minister for Trade and Industry of Singapore, Chan Chun Sing at the Apec Ministers Responsible for Trade Meeting in Vina del Mar, Chile.PHOTO: CHAN CHUN SING/FACEBOOK

SINGAPORE - Trade and Industry Minister Chan Chun Sing has urged Apec economies to step up on deepening regional economic integration and advance discussions on next generation trade and investment issues, including the digital economy, during a bloc meeting in Vina del Mar, Santiago.

"Had fruitful discussions with representatives from 21 Apec economies at the Apec Ministers Responsible for Trade (MRT) Meeting, chaired by Chile this year," Mr Chan wrote on Facebook on Saturday (May 18) at the end of the two-day meeting.

The minister revealed that Singapore has nominated port operator PSA International to join the Asia-Pacific Model E-Port Network (Apmen), a network stitched to promote interconnectivity and interoperability of electronic networks and systems to enhance trade facilitation and supply chain connectivity in the Asia-Pacific region.

By joining Apmen, Singapore will enhance its connectivity with the 21 Apmen members across 12 Apec economies, said Mr Chan.

On the sidelines of the meeting, Mr Chan also attended a Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) press conference organised by Chile, where he emphasised the strategic and economic significance of the agreement, Ministry of Trade and Industry said in a statement.

"While in Chile, I also hosted a business roundtable with Chilean business leaders, and was glad to learn of the Chilean businesses' great interest in the Singapore market," said Mr Chan, while highlighting potential sectors for investment in Chile, such as information and communications technology, fintech and logistics.

"I hope companies from both Singapore and Chile will explore and capture the many opportunities in each other's markets," said Mr Chan.