Biden administration likely to have multilateral approach to trade - S'pore PM

US President-elect Joe Biden’s administration is likely to have a more constructive and multilateral approach in trade with other countries, especially within the Asia-Pacific Economic Cooperation (Apec) region, said Singapore Prime Minister Lee Hsien Loong.

He said Apec has made slow progress in the past few years with the approach taken by the Donald Trump administration seen as derailing trade within the region.

He noted that one of the reasons was because the US approach has been to deal with issues bilaterally, rather than in a multilateral basis with multiple partners together in a group, and the US also has not been supportive of...