A Ministry of Trade and Industry spokesperson for Singapore has released a statement showing its commitment to continue working with other countries on the Trans-Pacific Partnership (TPP) in spite of the US’ recent talks of withdrawal.
The spokesperson made Singapore’s position clear: the country respects the decision of the incoming US administration. “The US has always enjoyed a robust trade surplus with Singapore, and our corresponding companies have created many jobs in both countries, which has been a great credit to both economies. Singapore looks forward to working constructively in the future with the US to strengthen our partnerships and nurture other mutually beneficially agreements for our local businesses and citizens in both jurisdictions.”
Other global leaders have not been so optimistic, and have responded with discontent to the announcement, voicing hopes that the new President may be willing to look into other options for establishing free trade.