Sin­ga­pore: Doc­u­ments signed, sig­nal­ing fur­ther co­op­er­a­tion

China Daily (Latin America Weekly) - - Top News -

that trade stands as the foun­da­tion for Sin­ga­pore, and Sin­ga­pore sup­ports a mul­ti­lat­eral trade sys­tem, lib­er­al­ized trade and in­vest­ment and a rule-based global trade sys­tem.

The two lead­ers wit­nessed the sign­ing of two doc­u­ments on third mar­ket coop- er­a­tion and cul­ture her­itage pro­tec­tion.

Lee is on a five-day work­ing visit to China start­ing Sun­day, his sec­ond visit to China since Septem­ber. Dur­ing the visit, he will at­tend the Boao Fo­rum for Asia’s an­nual con­fer­ence in Hainan. It will be his first time at the con­fer­ence and he will de­liver a speech at the open­ing ses­sion of the fo­rum.

Dur­ing a group in­ter­view on Sun­day, Lee said China’s econ­omy has de­vel­oped greatly since 2001, when it joined the World Trade Or­ga­ni­za­tion, and has both com­mit­ted to and ben­e­fit­ted from the or­ga­ni­za­tion’s mul­ti­lat­eral rules, in­clud­ing sub­mit­ting to dis­pute set­tle­ments. He said that “if uni­lat­eral and tit-for-tat ac­tions es­ca­late into trade wars, the mul­ti­lat­eral trad­ing sys­tem that has brought coun­tries pros­per­ity for decades will be se­verely un­der­mined”.

“There will be no win­ners in a trade war,” Chan­nel News Asia quoted him as say­ing.

WANG YE / XIN­HUA

Premier Li Ke­qiang talks with vis­it­ing Sin­ga­pore Prime Min­is­ter Lee Hsien Loong dur­ing the sign­ing of two doc­u­ments on third mar­ket co­op­er­a­tion and cul­ture her­itage pro­tec­tion be­tween the two coun­tries.

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