Keeping trade flowing while containing Covid-19 regionally is key to Asean’s recovery: Koh Poh Koon
SINGAPORE - There is a clear need to keep global trade flowing to ensure the supply of essential goods and services in order to overcome the Covid-19 pandemic, said Senior Minister of State for Health Koh Poh Koon on Wednesday (Oct 21). Dr Koh said that the regional organisation Asean needs to work together "to show the world that we are open for business", and emphasised that countries must cooperate to uphold a rules-based global trading system and maintain supply chain connectivity in these difficult times. Speaking during the opening of the three-day virtual 35th Asean Roundtable, themed The Covid-19 Crisis: Impact on Asean and the Way Forward, Dr Koh also upheld factors like digitalisation and vaccine multilateralism as ways for Asean to emerge from the crisis. He said pandemic-induced lockdowns and travel restrictions caused severe disruptions to global economic activity, with the air transport and tourism sectors hit the hardest. It has exposed the fragility of global value chains by disrupting cross-border trade and transport, he said. There are further uncertainties in how long countries' lockdown measures will last, when an effective vaccine will be available, and the ris...
