Singapore DPM: Asean set to conclude Atiga talks by month’s end to lower tariffs, remove trade barriers

AI Summary

Singapore's Deputy Prime Minister Gan Kim Yong announced that negotiations to upgrade the ASEAN Trade in Goods Agreement (ATIGA) are nearing completion and expected to conclude by the end of May. The upgrade aims to reduce tariffs and non-tariff barriers, promoting trade within ASEAN. This demonstrates ASEAN's commitment to regional integration and cooperation. Discussions are also underway to strengthen partnerships with organizations like the EU and GCC. Singapore remains committed to deepening partnerships, including through CPTPP and RCEP, to enhance economic resilience. Negotiations with the US focus on sectoral tariffs, particularly for pharmaceuticals.