SMALL COUNTRIES CAN BE PATHFINDERS
Singapore and New Zealand are two small and open economies that are looking to set more innovative and high standards for themselves, said Mr Wong.
“Usually, these standards are adopted by others; be it ASEAN (the Association of Southeast Asian Nations) or other groupings,” he said.
Mr Wong was responding to a question on how the Singapore-New Zealand CSP will be useful as a pathway to an ASEAN-New Zealand CSP.
He gave examples of bilateral or plurilateral agreements Singapore has signed with other countries, such as the The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement between 12 economies, and the Digital Economy Agreement (DEA), which builds trust and interoperability between countries’ digital systems.
