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Singapore is negotiating with the United States on the concessions of medicines and chips

Singapore is negotiating with the United States on the concessions of medicines and chips

April 28, April 28, is negotiating between the pharmaceutical exports privileges to the United States of America, at the same time, at the same time, at the same time, to obtain high -quality AI chips from the United States of America.

Gan said on Sunday that he had made a phone call with US Trade Minister Howard Lottennik on Friday, who expressed concern about export controls for the chips “not only for Singapore, but in general” and wanted to explore “creative solutions” to enhance bilateral trade.

Jean told local media: “We have seized the opportunity to explain and explain Minister Lottenic to the Singapore export control system, where we work with the American authorities in this field in this field.”

Gan said, according to the Strits Times report that US President Donald Trump threatened definitions to appoint more than 10 % of exports in Singapore to the United States of America, and it is important that Singapore reaches concessions in this field.

In February, Singapore accused three men of fraud because they bought servers that could contain NVIDIA chips, according to the authorities, and sent them to Malaysia.

Despite the bilateral free trade agreement, Singapore has to rely on 10 % by the United States, while its neighbors are subject to much higher definitions. The country has warned of uncertainty about its trade -dependent economy, the possibility of stagnation and job losses.

The rich city state reduced the forecast of GDP to 0 % to 2 % for the year after GDP has reduced 0.8 % in the first quarter of 2025 compared to the previous quarter.

On May 3, Singapore is holding the parliamentary elections against the backdrop of these weak expectations and in light of the high cost of living used by voters.

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