Economics

Singapore Says U.S. Understands Its Position on WTO Privileges

City-state doesn’t use its developing-nation status: Minister
Chan says despite economic disruptions, no recession expected

Singapore Minister for Trade and Industry Chan Chun Sing discusses the economy and the possibility of a recession.(Source: Bloomberg)

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By Michelle Jamrisko, Haslinda Amin, and Yongchang Chin

August 1, 2019 at 3:36 AM UTC

Updated on

August 1, 2019 at 5:23 AM UTC

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Singapore says it has an understanding with the U.S. that the city state doesn’t take advantage of privileges that come with “developing country” status in the World Trade Organization.