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ASEAN, China have interests that transcend spats: ESM Goh

SINGAPORE — As China’s influence in regional and global affairs grows, it is to be expected that it would become more vocal and active in shaping its external environment. Still, it will have to play its role “in a way that makes it welcomed by all”, said Emeritus Senior Minister Goh Chok Tong yesterday.

Emeritus Senior Minister Goh Chok Tong. TODAY file photo

Emeritus Senior Minister Goh Chok Tong. TODAY file photo

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SINGAPORE — As China’s influence in regional and global affairs grows, it is to be expected that it would become more vocal and active in shaping its external environment. Still, it will have to play its role “in a way that makes it welcomed by all”, said Emeritus Senior Minister Goh Chok Tong yesterday.

“This means working with the international community to make the existing world order better for all, including China, in a peaceful and non-disruptive way. I believe China sees it in its own interests to work within and help to preserve existing international norms and structures, which have underpinned growth and prosperity,” said Mr Goh, in a keynote speech at the opening plenary session of FutureChina Global Forum 2014.

Mr Goh noted that although there are differences between several Association of South-east Asian Nations (ASEAN) members and China, notably over overlapping territorial claims, all parties concerned are seeking to manage these differences through dialogue.

Adding that China is an important engine of growth for the region, Mr Goh said ASEAN and China have “a multi-faceted relationship and interests that transcend a single issue”, and the impetus for both sides to enhance cooperation remains strong.

During a panel discussion, Mr Zhang Xiaoqiang, executive vice-chairman of the China Center for International Economic Exchanges, highlighted areas in China that Singapore businesses can tap for new opportunities. For example, the integration of Beijing and Tianjin with Hebei will bring about plenty of business opportunities, such as in the construction of public infrastructure and industrial development, he noted. However, he acknowledged that China is still subjected to a lot of government regulations.

In response, Mr Lee Yi Shyan, Senior Minister of State (Trade and Industry and National Development), who was also on the panel, noted no approval process is needed to set up a business in Singapore. While there are certain criteria and industry standards to abide by, the rules are all clear and transparent, he added. JOY FANG

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