[SINGAPORE] Today’s retaliatory trade dynamics might “end up with devastating consequences”, which is why Singapore is working with like-minded partners to put a new framework in place, Prime Minister Lawrence Wong said on Wednesday (Nov 19). This framework should create ways for countries to “legitimately exercise and protect their own national interests, but with restraint, with some shared rules, and not on the basis that you can unilaterally do things to coerce another country or to punish another country”, he said. Singapore would like to work towards this with like-minded countries, he added, citing efforts with the Future of Investment and Trade (FIT) Partnership and other regional groupings.   https://www.businesstimes.com.sg/singapore/pm-wong-says-new-framework-needed-avoid-devastating-consequences-retaliatory-trade (ICE SINGAPORE)

Fonte notizia: The Business Times, 19 November 2025