- POSTED: 24 Jun 2014 10:21
- UPDATED: 24 Jun 2014 22:35
The Prime Minister is currently on a six-day visit to the US, which will see him hold meetings with US politicians to promote negotiations on the proposed Trans-Pacific Partnership.
WASHINGTON, DC: Prime Minister Lee Hsien Loong on Monday (June 23) met with United States Commerce Secretary Penny Pritzker to discuss the search for fresh Singaporean investment opportunities in the United States.
Mr Lee is currently on a six-day visit to the US, which will see him hold meetings with US politicians to promote negotiations on the proposed Trans-Pacific Partnership. He will also deliver a speech at a reception to commemorate the 10th anniversary of the US-Singapore Free Trade Agreement (FTA), and speak at the Council on Foreign Relations.
Mr Lee also met with US Treasury Secretary Jacob Lew on Monday afternoon.
Singapore’s trade with the US is currently worth more than US$50 billion (S$62.5 billion) a year. In 2012 alone, US foreign direct investment into Singapore rose by 17 per cent – higher than US investment flows to Japan and Australia.
The Prime Minister's Office (PMO) earlier issued a statement saying the Washington, DC leg of the trip will see Mr Lee attend meetings in the White House and with several Cabinet Secretaries, as well as principal figures in the US Senate and House of Representatives.
When in New York, Mr Lee – who last visited the US in April 2013 – will meet business and industry leaders, and launch Temasek Holdings' New York Office, according to the statement.
He is accompanied by his wife Ho Ching, Minister for Manpower Tan Chuan-Jin, Deputy Speaker of Parliament Charles Chong, Member of Parliament Dr Janil Puthucheary, as well as officials from the PMO and the Ministry of Foreign Affairs.