atans1

New headache for Heng

In China, Economy on 27/07/2019 at 6:14 am

Trump realises that S’pore’s freeloading off the US, and has told the US trade representative to fix the freeloading. The good news is that China and a whole host of countries are in the same situation.

In a memo to Robert Lighthizer, the US trade representative, on Friday, Mr Trump has yet again attacked the World Trade Organization, saying it allowed too many countries to claim the status of a developing economy and special treatment that is damaging the global trading system (i.e. damaging America).

As well as usual suspect China, he mentioned other countries that he thought should not be classified as developing., This included S’pore and two other   Asian city-states such as Hong Kong and Macau, as well as Gulf countries such as Kuwait, Qatar and the United Arab Emirates. He also said Turkey, South Korea and Mexico claimed the status of a developing nation, even though they were part of the OECD group of advanced economies. On these three countries I agree with him that their status of “developing nation” is illogical.

What about India meh? Can developing nation afford to send robots to the moon, even if the rocket is rubbish? Failed to launch first time. Had to repeat. Secret Squirrel’s sidekick, Morocco Mole, says his Indian cousin twice removed says the fault lay with made-in-India software. And we still relying on Indian software expertise for projects like SingPass? Re: SingPass technical support versus that of OCBC and HSBC and SingPass sucks, really sucks. (To be fair to SingPass, it does work well after one gets into the system. But getting to that stage was a struggle as the posts show.)

He reminded the benefits that came from having developing economy status at the WTO, including procedural advantages in disputes, softer tariff cuts, the ability to maintain export subsidies and weaker commitments in negotiations.

Related posts:

If China withdraws behind the Great Walls

Why Sino-US Cold War is great for our economy

“Only cold spell coming, but not Winter”

IMF affirms support for PAP policies.

  1. Maybe same group of ahneh programmers that did work for Boeing @ $9/hr.

    But perhaps our Singpass, IRAS, CPF, HDB, SP Services, Singtel, GST software systems not as complicated as real time life or death space & aviation control cum life support systems.

    Still good (& cheap) lah!!! Goh Keng Swee will approve!! LOL!!!

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