PM Lee, US Secretary of Commerce Raimondo discuss economic collaboration

SINGAPORE: Prime Minister Lee Hsien Loong mentioned he had a “good meeting” with US Secretary of Commerce Gina Raimondo on Tuesday (Nov 16), the primary day of her two-day go to to Singapore.

Both sides mentioned potential collaboration in areas just like the digital and inexperienced financial system and provide chain resilience, “to address current issues and create opportunities for our peoples”, he mentioned in a Facebook publish.

Mr Lee mentioned economic relations between Singapore and the US have “deepened despite COVID-19”.

These ties are underpinned by the US-Singapore Free Trade Agreement and the lately signed Partnership for Growth and Innovation, he mentioned.

The Partnership for Growth and Innovation was signed final month by Ms Raimondo and Trade and Industry Minister Gan Kim Yong throughout his go to to the US.

“As we gradually reopen borders and resume people-to-people connectivity, I look forward to working with the US to strengthen economic recovery from the pandemic,” added Mr Lee.

Singapore is the second cease on Ms Raimondo’s first official go to to Asia since she took workplace in March.

Her journey began in Tokyo, the place Japanese and US officers on Monday agreed to start out discussions on further tariffs imposed by the Trump Administration on Japanese metal and aluminium imports.

Ms Raimondo will begin the ultimate leg of her go to in Kuala Lumpur on Thursday.

In Singapore, she’s going to take part within the Bloomberg New Economy Forum and a “Women in Tech: Seizing Opportunities in the Digital Economy” occasion with enterprise leaders.

She can also be anticipated to meet with New Zealand’s Minister for Trade and Export Growth Damien O’Connor and Australian Minister of Trade, Tourism and Investment Dan Tehan whereas in Singapore.

They will discuss “cooperation in developing an Indo-Pacific economic framework”, in response to the US Department of Commerce.

This yr marks the fifty fifth anniversary of diplomatic relations between Singapore and the US.

Ms Raimondo’s go to is the third time a US official on the Cabinet degree or greater has visited Singapore this yr.

Vice President Kamala Harris made a three-day go to to Singapore in August, a month after one other official go to by Secretary of Defense Lloyd J Austin III.

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