In their latest call against protectionism, Singapore and Japan said they hope the 12-nation Pacific trade pact can be ratified and entered into force as soon as possible. “We discussed the economic and strategic importance of the TPP, and agreed that it is in the interest of all TPP partners to ensure that the TPP is ratified and enters into force expeditiously,” Tan told reporters after the summit. Leaders including Abe and Singapore Prime Minister Lee Hsien Loong have stressed the strategic importance of the TPP, seen as a linchpin of the US pivot to Asia. Singapore and Japan are involved in the RCEP, and Tan also urged the “timely conclusion” of its negotiations. Tan urged Japan to put in a competitive bid when an international tender is called "in due course."

Source: The Nation Bangkok December 02, 2016 18:05 UTC