SMEs urged to take advantage of Singapore's free trade, digital economy network

FTAs enhance Singapore's trade connectivity and standing as a global trading hub, said Minister of Transport S. Iswaran. - ST FILE

SINGAPORE (The Straits Times/Asia News Network): Local companies, especially small and medium enterprises (SMEs), should capitalise on opportunities offered by Singapore's expanding network of bilateral and multilateral free trade agreements (FTAs) and digital economy pacts, Minister of Transport S. Iswaran said on Friday (March 25).

Speaking at the Singapore Apex Business Summit at Marina Bay Sands, Iswaran, who is also the Minister-in-charge of Trade Relations, said the global economy continues to face profound challenges, including geopolitical tensions, inflationary pressures, supply chain disruptions, anti-globalisation sentiments, and more recently, the after effects of Russia's invasion of Ukraine.