Singapore Seeks Stronger Trade Ties With EU And ASEAN

Singapore is seeking to strengthen economic ties with the European Union and the Association of Southeast Asian Nations (ASEAN) amid growing global trade pressures, according to Foreign Affairs Minister Vivian Balakrishnan. Speaking at the European Chamber of Commerce Singapore’s annual general meeting on Wednesday, April 29, 2026, Balakrishnan emphasized the importance of “doubling down” on multilateralism, and cooperation.

“Why? Because we believe that EU, Southeast Asia, we are all still trade dependent. We all still believe in multilateralism. We still believe in the rule of law, and … that alignment creates quite (a) natural partnership,” Balakrishnan stated. He added that increased disruption to globalization and the dismantling of free trade agreements necessitate a stronger collective approach between the EU and Southeast Asia.

Balakrishnan highlighted Singapore’s commitment to maintaining its reputation as a trusted business hub during a period of geopolitical and economic uncertainty. The minister’s remarks underscore the importance of regional cooperation in navigating a challenging global landscape.

The call for strengthened ties comes as globalization faces increasing headwinds and free trade links are being dismantled, prompting a need for a more robust and unified approach to economic cooperation. Balakrishnan believes the shared values and economic interdependence of the EU and ASEAN create a strong foundation for a lasting partnership.

This sentiment reflects a broader concern about the future of global trade and the need for countries to work together to address shared challenges. By reinforcing multilateralism and the rule of law, Singapore aims to contribute to a more stable and predictable international environment.