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Singapore pledged its commitment to globalization despite the coronavirus pandemic inspiring a rise in protectionist trade policies worldwide.
“For many countries, Covid-19 has accelerated the retreat from globalization, and the erection of more protectionist barriers.” Trade and Industry Minister Chan Chun Sing said in a televised address to the nation on Sunday. “We must resist these pressures.”
“A less connected world means a poorer world and fewer opportunities for all. A less connected Singapore means fewer and poorer quality jobs for us,” Chan said.
25,540 in U.S.Most new cases today
-10% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.029 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
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