U.S. Needs More Substantive Asia Economic Plan, Singapore Says
- Southeast Asia looking forward to new framework from the U.S.
- U.S. needs to have equally substantive alternative to CPTPP
Singapore Deputy Prime Minister Heng Swee Keat
Photographer: Paul Miller/BloombergThis article is for subscribers only.
The U.S. needs to increase economic engagement in Asia with an “equally substantial alternative” to the 11-country Pacific trade pact Donald Trump exited nearly five years ago, Singapore Deputy Prime Minister Heng Swee Keat said.
“Over the past decades, the U.S. security presence has brought stability and peace in the region,”’ Heng said at a lecture on Tuesday focused on foreign policy issues. “For this to continue into the next decades, the U.S. cannot afford to be absent from the region’s evolving economic architecture.”