SINGAPORE - For Singapore to grow, it needs to reopen its economy safely and sustainably, said Trade and Industry Minister Chan Chun Sing on Wednesday .
MTI will also facilitate safe business travel, both short- and long term, with a view to eventually resuming international travel. MTI's addendum, which sets out a slew of its priorities in the new term of Government, also pointed to another major move Singapore needs to undertake: bolstering its connectivity and hub status.In addition, it will work with like-minded partners to reaffirm a shared commitment to keeping trade routes open and ensuring the continued flow of goods between countries.
He assured Singaporeans and businesses of the Government's commitment to creating opportunities for them, by helping them to adapt to a changing world economy. For those that suffered a plunge in demand but will eventually recover, such as the aerospace, and marine and offshore sectors, their core capabilities will be preserved so that they can remain competitive and recover quickly from the crisis.
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