Trade & Industry Minister Chan Chun Sing said:
The RCEP is a long-awaited agreement. Over the past years, there have been several ups and downs and it has certainly not been an easy journey. At one point, the prospects of concluding the agreement were shaken by geo-political and domestic preoccupations.
We have all had to make difficult trade-offs to advance the negotiations.
Grateful to our fellow RCEP countries who have stood together with us in support of our common beliefs in trade liberalisation and regional economic integration.
For Singapore, the RCEP provides a strong foundation for us to rebuild our economy and overcome the challenges as we emerge from the pandemic together. I look forward to seeing our businesses tap on the benefits from the RCEP to support their post-pandemic recovery efforts.
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