28 Apr '18, 11am

ASEAN to work closely with China, India to counter protectionism: Singapore

ASEAN to work closely with China, India to counter protectionism: Singapore

Singapore Prime Minister Lee Hsien Loong said regional economic growth was under threat because the political mood in many countries had turned against free trade. Photo: AP Singapore: Southeast Asian countries will work more closely with new powers China and India to counter the pressure of protectionism and ensure continued growth, Singapore’s prime minister said Saturday. Addressing the summit of the 10-nation Association of Southeast Asian Nations, Prime Minister Lee Hsien Loong said that regional economic growth was under threat because the political mood in many countries had turned against free trade. He said recent trade tensions between the US and China in particular are worrying. The US and China are entangled in their most consequential trade dispute since World War II. Both countries have proposed tariffs of $50 billion on each other’s products. President Donal...

Full article: https://www.livemint.com/Politics/4yI1lwprYU5p9OTrJ5bd7N/...

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