Economics
Singapore Pushes for Mediation Role as Trade War Breeds Disputes
- Amid U.S.-China trade war, some neutral ground will be vital
- City-state builds on reputation as top arbitration destination
This article is for subscribers only.
Singapore wants to position itself as a hub for business mediation to help resolve commercial conflicts, at a time when tensions between the U.S. and China could affect investments and trade flows.
The city-state is looking to build on its reputation as a top arbitration destination in Asia as it prepares to sign the Singapore Convention on Mediation which comes under the auspices of the United Nations. More than 10 countries are expected to sign at a ceremony in Singapore on Aug. 7, after which they’ll ratify it in their national parliaments, Law Minister K. Shanmugam said in an interview this week.