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No economy has hope of being self-sufficient; trade flows should stay free and open: PM Lee at Apec

November 18, 2022
Source: straitstimes.com straitstimes.com
News Snapshot:
BANGKOK - The Covid-19 pandemic has shown that no economy has any hope of being entirely self-sufficient, said Prime Minister Lee Hsien Loong on Friday, as he called for continued free and open trade flows even amid a growing desire to onshore production. With the global economic outlook continuing to be uncertain, Asia-Pacific Economic Cooperation (Apec) members must work together to promote sustainable and inclusive growth, he told fellow leaders at the 29th Apec Economic Leaders’ Meeting in Bangkok. PM Lee said geopolitical tensions, inflation and supply chain disruptions pose new risks, while lower-income households and small and medium-sized enterprises...
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