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Corporate Associates Event

IPS Corporate Associates Breakfast Dialogue on the Global Trade War and Implications for Singapore

The US government imposed a round of tariffs on Chinese goods earlier this year in response to what it believes are unfair trade practices on the part of China, sparking off tit-for-tat retaliatory measures between the two economic superpowers. More recently, the US government rejected a list of trade concessions offered by China, suggesting that any resolution to the escalating trade war may not be likely in the near future. Meanwhile, the planned date for increased tariffs on Chinese goods from 10% to 25% – 1 January 2019 – is drawing closer. Other countries have not been spared either, with tariffs on aluminium, steel and other items imposed on the US’ trading partners. In response, the European Union also hit back with its own set of tariffs.    
            
Singapore is not above the fray, and in addition to direct impact from tariffs imposed on a number of Singapore’s exports, Minister for Trade and Industry Mr Chan Chun Sing warned in July this year that our trade-dependent economy would likely also suffer from global supply chain disruptions and an overall slowdown in global trade.
            
As tensions increase, what are the possible implications for Singapore? What steps can be taken by the government and private companies to minimise the trade war’s impact on businesses and consumers?
Mon 10 December 2018
08:00 AM - 10:15 AM

Dr Deborah Elms

Dr Deborah Elms

Founder and Executive Director, Asian Trade Centre

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Mr Benjamin Tan

Mr Benjamin Tan

Senior Assistant Director, International Trade Cluster, Ministry of Trade and Industry

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By invitation only. This event is exclusive to members of IPS’ Corporate Associates programme. For more information about the programme, please visit here.

If you have any enquiries, please contact Ms Joanna Koh via email: decb64_aXBzLmNhQG51cy5lZHUuc2c=_decb64 or tel: 6516-8368.