Lee Hsien Loong: The Politics of Doing Business

(Singapore) – Singapore plays the role of balancing power in Southeast Asia, where China and the United States compete for influence. Its diplomatic relationship with Beijing is mature, but it is also an important ally of Washington. 

Meanwhile, as one of the four countries that initiated the Trans-Pacific Partnership (TPP), Singapore is an active promoter of free trade and integration of the Asia-Pacific region. The TPP has 12 members, including Singapore, New Zealand, the United States, Australia and Japan. These countries are responsible for 40 percent of global economic value and one-third of trade value.