He was speaking at a session on "interconnectedness and building inclusive and resilient economies" at the Apec Economic Leaders' Retreat.
"As a small and open economy, to Singapore, the rules-based multilateral system is our best hope for a stable international environment," PM Lee said.
"That's why Singapore supports IMF and WTO reforms," he said, calling international organisations, such as the International Monetary Fund (IMF) and the WTO, the "indispensable guarantors" of common growth.
In February 2024, ministers from 164 WTO member nations will meet in Abu Dhabi to consider restoring the body's ability to settle trade disputes.
The WTO's dispute settlement system meant to prevent recourse to tariffs and retaliation outside norms agreed international has been stymied since the Trump administration decided to block the appointment of new judges to the Appellate Body, alleging judicial overreach.
Denne historien er fra November 19, 2023-utgaven av The Straits Times.
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Denne historien er fra November 19, 2023-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Dutch chef Sergio Herman opens Le Pristine in Singapore
If the zing of kaffir lime in the mussel antipasti, or the chilli king crab on the pizzette, or the soursop in the gambero rosso seem somewhat familiar, that would be Dutch chef Sergio Herman putting a little bit of Singapore into his food.
SINNER'S 'SPECIAL' YEAR-END TOP SPOT
First Italian to finish the year as No. 1 will clinch 7th title of 2024 if he beats Djokovic
Kiwis get down to business quickly
BARCELONA - New Zealand beat Britain in the opening America's Cup races on Oct 12, with the holders setting the pace in the early skirmishes with the challengers in the first-to-seven contest.
"'SPORTSWASHING' CRY AS NBA PLAYS IN UAE"
But commissioner Silver disagrees that its presence in a key market helps hide abuses
SailGP matures with new tech, stiff rivalry
NEW YORK - As SailGP approaches its fifth season of racing, this professional sailing league is finally flying on its own two foils.
WALLER-LANE IN GUINEAS UPSET
Private Life steals the show after inch-perfect front-running ride in Caulfield 3YO feature
Fintech exec began developing her investing acumen as a teen
Her initial better-safe-than-sorry approach has given way to a higher risk appetite now
Betting apps are more toxic than you think
Betting companies all publicly espouse their commitment to responsible gaming. They help fund programmes to combat addiction and give customers the option to exclude themselves from betting or to enrol in \"cool-off\" periods that keep them from logging in for a day or two.
Revival in demand for private resale homes
Volume of transactions in Jan-Aug up 11% from same period a year ago, data shows
How to plan for retirement when you are on your own
For Ms Sara Zeff Geber, the \"aha moment\" came a few years ago as she listened to a friend recount all the tasks she was taking on to help her increasingly frail 91-year-old mother.