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Singapore PM urges G20 to reform WTO

Singapore’s Prime Minister, Lee Hsien Loong, addressed leaders at the G20 summit in New Delhi on September 10, emphasising the need for reforms within multilateral organisations to tackle global development challenges. While he recognised the World Trade Organisation (WTO) as crucial for growth and resilient supply chains, he stressed updating its rules for the digital age. PM Lee urged the G20 to hasten the WTO reform process, notably in restoring a functioning dispute settlement system, since many disputes have stalled due to the US blocking new judge appointments since 2017. Highlighting the G20’s commitment to resolving this by 2024, PM Lee also called for the reformation of international finance structures and a boost in private sector development funding. Despite being a non-G20 member, Singapore actively participates, with PM Lee attending at India’s invitation.

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