Singapore has built food resilience to cope with disruptions: PM Lee & More News Here

CNA – Singapore has built its food resilience with buffer shares and by diversifying its sources, in order that it might probably cope when any single supply is disrupted, stated Prime Minister Lee Hsien Loong yesterday.

Speaking to media on the finish of a four-day working go to to Tokyo, Japan, Lee was replying to a query on how Singapore can be responding to different international locations’ export bans – and if it’ll search redress on the World Trade Organization (WTO).

He stated the reply to such a scenario “is not what we do now, but what we have been doing now for several years, which has been to build up our buffer stocks and our resiliency, and diversify our sources”.

“So that (when) any single source is interrupted, we are not unduly affected. And if you can’t buy chicken from one place, you can buy chickens from other countries.”

He added: “This time it is chicken, next time it may be something else. We have to be prepared for this.”

Describing the world as “very unsettled”, Lee acknowledged ongoing problems with inflation and excessive prices of residing. But he additionally stated “many more disruptive things can happen than just some price adjustments”, including that a few of these are already taking part in out.

Lee additionally stated {that a} nation can search redress on the WTO if any guidelines have been violated, however this can be an extended course of – and securing the provision of food is a right away urgency. He additionally stated it was “regrettable” that international locations have begun elevating export controls, as this adversely impacts Singapore, a client nation that imports food.

But he added that it’s “not so surprising” that such issues occur. Presently, food provide chains are being disrupted due to the Ukrainian battle and inflation can be excessive, he stated.

“So governments are under pressure and sometimes they take unconventional measures. For example, interdicting exports of products, and several governments have done this.”

Lee was additionally requested about Singapore’s response to claims by China that the Indo-Pacific Economic Framework (IPEF), a United States (US)-led pact, is a technique to create “divisions”.

Singapore has signed up to the IPEF, which was launched on Monday.

In response, Lee stated financial engagement between the US and the area, and China and the area, ought to each very a lot be inspired.

He famous that Singapore helps China’s Belt and Road Initiative and can be a member of the Group of Friends of the Global Development Initiative, put ahead by the Chinese.

At the identical time, Singapore has cooperation preparations with the US – now, together with the IPEF, Lee stated. The IPEF goals to promote financial cooperation, and its membership is supposed to be “inclusive”, he added.

“So I do not see that the two are mutually exclusive, or just because one side is deepening its cooperation, that means it is bad for the other side.”

In his speech at a convention on Thursday, Lee additionally stated Japan can “make a greater contribution to regional security cooperation”, if it comes to phrases with its previous.

When requested to elaborate on this, Lee stated international locations should work collectively to safe collective safety, however in Japan’s case, that is “particularly sensitive because of the war history”.

The finest approach Japan can fulfil its rising crucial to play a higher function in regional safety is to “(put) to rest the historical issues which have been open for a long time”, stated Lee.

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