SINGAPORE: Singapore's participation in platforms such as the Group of Twenty (G20) summits remains "very important", even as multilateralism is under pressure, Prime Minister Lawrence Wong said on Tuesday (Nov 19).
"It's better for us to have a seat at the table, than not to have a seat at all, right? As the saying goes, if you're not at the table, you're on the menu," Mr Wong said on the last day of the G20 summit in Rio de Janeiro.
Singapore is not a member of the G20, which comprises 19 countries, the European Union and the African Union. However, it has been regularly invited to take part in the group's meetings.
Mr Wong is in Brazil from Nov 17 to Nov 20 for the G20 Summit, at the invitation of Brazilian President Luiz Inacio Lula da Silva. Brazil holds the G20 presidency.
Singapore wants to have a say and participating actively in platforms such as the G20 summit can give it a sense of the new initiatives being developed and emerging areas of cooperation, Mr Wong said.
Because of its involvement, Singapore can "shape these emerging processes in ways that we think are useful, or even if we can't get the best outcomes from it, at least we know what's happening, and we can adapt and adjust to these new realities".
Singapore also makes the most of its opportunities to meet with international counterparts.
"I get the chance this time around to meet with leaders from so many different countries," said Mr Wong.
"Some of them, we've met before, some of them for the first time, I think it's a useful occasion to take stock of our bilateral relationship and help to strengthen our ties further."
Mr Wong also acknowledged "weakening support for the rules-based multilateral order".
"But we should not give up on that, because that's vital for Singapore, and we should continue to work with like-minded countries to strengthen support, particularly for the multilateral trading system," said the prime minister.
But at the same time, there is a need to be realistic and adapt to current realities, he added.
Trade is continuing but is being reconfigured, and countries want to trade with counterparts who they feel are friendly to them, and they also want to reduce their dependency and vulnerability.
This means regional groupings become more important, he said.
"So it's not so much an era of deglobalisation, but an era of reglobalisation, a different form of globalisation where trade flows, perhaps, will become more regional in nature," Mr Wong added.
This means we need to "strengthen our own neighbourhood", Mr Wong said, referring to the Association of Southeast Asian Nations (ASEAN).
He highlighted the work done between ASEAN members in several areas, including digital and green connectivity, a regional power grid and payment systems.
Even as ASEAN becomes "more competitive and relevant", it should link up with other regions, Mr Wong said.
He noted that Singapore has free trade agreements with South American blocs Mercosur and Pacific Alliance, and that it is also connecting with the Middle East and Africa.
"We want to then plug to all the different regional groupings and make sure that, however, trade flows are being reconfigured, Singapore and ASEAN can still be at the heartbeat of that reconfigured trade flows, and we can continue to remain relevant," said Mr Wong.
Singapore and Germany recently agreed to elevate their bilateral ties to a "strategic partnership", while Singapore and France announced in April that they would work towards a "comprehensive strategic partnership".
"We want to be friends with all countries, big and small, and how far we can go into cooperation with any particular country, of course, will depend on what each country puts on the table for cooperation and the areas of mutual interest, but we want to cooperate to the extent possible with everyone," said Mr Wong.
France and Germany are two key countries with a wide spectrum of capabilities and are not just economic powerhouses but leaders in their own right, he added. They also have many companies operating out of Singapore.
France and Germany both "look at engaging China in a pragmatic manner", said the prime minister.
"They look at China as a competitor, but they also want to chart their own course, separate from America, in engaging China," he said.
France and Germany also want to engage Southeast Asia even more, which is important for Singapore, as it wants the region to be more an open and inclusive one "which can engage all the major parties and powers, where we are not dominated by any single party", Mr Wong said.
"That’s in our interest, because we think, by doing so, we have a framework that allows more countries to have stakes in the region, more economic interdependency, and that will help to reduce the chances of conflict and will maximise the likelihood of us being able to maintain stability and prosperity in the region."
Mr Wong said that he was planning to visit Thailand later this year.
He also noted the upcoming Singapore-Malaysia Leaders’ Retreat, adding that "there are important issues bilaterally that we want to take stock and hopefully make progress on".
There is also the People's Action Party (PAP) conference on Sunday.
"So this will wrap up the engagements for the year, but the domestic priorities continue to be top of our minds, whether it's preparing for an event like the party conference or preparing for the Budget, where a lot of work is already started and we will start to ramp up as the date as the budget date gets closer," said Mr Wong.
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"It's better for us to have a seat at the table, than not to have a seat at all, right? As the saying goes, if you're not at the table, you're on the menu," Mr Wong said on the last day of the G20 summit in Rio de Janeiro.
Singapore is not a member of the G20, which comprises 19 countries, the European Union and the African Union. However, it has been regularly invited to take part in the group's meetings.
Mr Wong is in Brazil from Nov 17 to Nov 20 for the G20 Summit, at the invitation of Brazilian President Luiz Inacio Lula da Silva. Brazil holds the G20 presidency.
Singapore wants to have a say and participating actively in platforms such as the G20 summit can give it a sense of the new initiatives being developed and emerging areas of cooperation, Mr Wong said.
Because of its involvement, Singapore can "shape these emerging processes in ways that we think are useful, or even if we can't get the best outcomes from it, at least we know what's happening, and we can adapt and adjust to these new realities".
Singapore also makes the most of its opportunities to meet with international counterparts.
"I get the chance this time around to meet with leaders from so many different countries," said Mr Wong.
"Some of them, we've met before, some of them for the first time, I think it's a useful occasion to take stock of our bilateral relationship and help to strengthen our ties further."
WEAKENING SUPPORT FOR MULTILATERALISM
Mr Wong also acknowledged "weakening support for the rules-based multilateral order".
"But we should not give up on that, because that's vital for Singapore, and we should continue to work with like-minded countries to strengthen support, particularly for the multilateral trading system," said the prime minister.
But at the same time, there is a need to be realistic and adapt to current realities, he added.
Trade is continuing but is being reconfigured, and countries want to trade with counterparts who they feel are friendly to them, and they also want to reduce their dependency and vulnerability.
This means regional groupings become more important, he said.
"So it's not so much an era of deglobalisation, but an era of reglobalisation, a different form of globalisation where trade flows, perhaps, will become more regional in nature," Mr Wong added.
Related:
ASEAN, GERMANY AND FRANCE
This means we need to "strengthen our own neighbourhood", Mr Wong said, referring to the Association of Southeast Asian Nations (ASEAN).
He highlighted the work done between ASEAN members in several areas, including digital and green connectivity, a regional power grid and payment systems.
Even as ASEAN becomes "more competitive and relevant", it should link up with other regions, Mr Wong said.
He noted that Singapore has free trade agreements with South American blocs Mercosur and Pacific Alliance, and that it is also connecting with the Middle East and Africa.
"We want to then plug to all the different regional groupings and make sure that, however, trade flows are being reconfigured, Singapore and ASEAN can still be at the heartbeat of that reconfigured trade flows, and we can continue to remain relevant," said Mr Wong.
Singapore and Germany recently agreed to elevate their bilateral ties to a "strategic partnership", while Singapore and France announced in April that they would work towards a "comprehensive strategic partnership".
"We want to be friends with all countries, big and small, and how far we can go into cooperation with any particular country, of course, will depend on what each country puts on the table for cooperation and the areas of mutual interest, but we want to cooperate to the extent possible with everyone," said Mr Wong.
France and Germany are two key countries with a wide spectrum of capabilities and are not just economic powerhouses but leaders in their own right, he added. They also have many companies operating out of Singapore.
France and Germany both "look at engaging China in a pragmatic manner", said the prime minister.
"They look at China as a competitor, but they also want to chart their own course, separate from America, in engaging China," he said.
France and Germany also want to engage Southeast Asia even more, which is important for Singapore, as it wants the region to be more an open and inclusive one "which can engage all the major parties and powers, where we are not dominated by any single party", Mr Wong said.
"That’s in our interest, because we think, by doing so, we have a framework that allows more countries to have stakes in the region, more economic interdependency, and that will help to reduce the chances of conflict and will maximise the likelihood of us being able to maintain stability and prosperity in the region."
Mr Wong said that he was planning to visit Thailand later this year.
He also noted the upcoming Singapore-Malaysia Leaders’ Retreat, adding that "there are important issues bilaterally that we want to take stock and hopefully make progress on".
There is also the People's Action Party (PAP) conference on Sunday.
"So this will wrap up the engagements for the year, but the domestic priorities continue to be top of our minds, whether it's preparing for an event like the party conference or preparing for the Budget, where a lot of work is already started and we will start to ramp up as the date as the budget date gets closer," said Mr Wong.
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