Business · Singapore Bureau
Trade ties can drive job creation for Singapore and US: Gan
Singapore's Deputy Prime Minister Gan Kim Yong has highlighted the mutual benefits of strengthened commercial links between the two countries. The remarks come as the United States maintains a long-standing trade surplus with the island nation.
LSN Singapore ·
Deputy Prime Minister Gan Kim Yong has underscored the potential of bilateral trade and investment to generate employment opportunities for both Singapore and the United States, signalling the importance of deepening economic ties between the two nations.
The comments reflect Singapore's commitment to leveraging its strategic position and strong commercial relationships to support broader economic growth. Both countries have benefited from sustained trade flows, with the US maintaining a significant trade surplus with Singapore over more than two decades.
Such trade relationships extend beyond goods and services, encompassing knowledge transfer, technological collaboration, and the development of skilled workforces in both economies. The trade dynamics underscore the interconnected nature of modern commerce, where supply chains and investment flows create employment across multiple sectors.
Singapore, as a major financial and trading hub in Southeast Asia, continues to position itself as a gateway for US companies seeking access to regional markets. Strengthened bilateral engagement is expected to support jobs in manufacturing, financial services, technology, and related industries on both sides of the Pacific.