SINGAPORE: Singapore Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong will be visiting the United States from Sunday (Jul 20) to next Saturday to deepen ties and discuss areas of cooperation.Â
In a press release on Friday, the Ministry of Trade and Industry (MTI) said that he will visit New York next Monday before heading to Washington, DC the day after, where he will stay until the end of his trip.Â
“The visit will build on and keep up the robust and multi-faceted partnership between Singapore and the US,” said MTI.
This includes the “substantive and mutually beneficial economic and commercial relationship” that Singapore and the US share, MTI added.Â
During the visit, MTI said that Mr Gan will meet US Cabinet secretaries, members of Congress and business and private-sector representatives.Â
Mr Gan will also participate in a business roundtable organised by the US Chamber of Commerce to discuss international and regional economic developments as well as opportunities for future collaboration between US and Singapore companies.Â
He will be accompanied on his visit by officials from MTI, the Ministry of Foreign Affairs (MFA) and the Monetary Authority of Singapore (MAS).
Singapore and the US are major trade and investment partners. Despite this, Singapore is still subject to the baseline 10 per cent tariff rate announced by US President Donald Trump on Apr 2.Â
Mr Gan currently leads a task force set up in April to help businesses and workers address immediate uncertainties arising from the tariffs, strengthen resilience and adapt to a new economic landscape.
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In 2024, the US was Singapore’s second-largest trading partner, while Singapore was the US’ 16th-largest trading partner.
Singapore is also the third-largest Asian investor in the US, with over 250 companies in 45 US states.Â
The country is also the top recipient of US investment in the Indo-Pacific and the sixth worldwide.
Both countries have also continued to work closely together to advance bilateral cooperation in new areas such as energy and civil nuclear cooperation.Â
“Singapore enjoys a broad and multifaceted relationship with the US, including strong and longstanding economic, defence and people-to-people ties,” MTI said.
It is also deepening its cooperation with the US in critical and emerging technology and energy, the ministry added.
