Foreign Affairs Minister K Shanmugam highlights small states' concerns at UN General Assembly

®Copyright MediaCorp
Foreign Affairs Minister K. Shanmugam has warned that small states like Singapore are especially vulnerable to the worsening global economy.
In his speech before the UN General Assembly in New York, Mr Shanmugam warned that a weak global demand and a continuing crisis in the Eurozone may lead to a global recession
He noted that small states like Singapore are vulnerable to "increased protectionism."
"Growing frustration over the inability of existing multilateral institutions to deal with these global challenges are growing and that has given rise to a greater tendency for countries to turn to smaller, more exclusive groupings outside of the UN's framework for solutions," he said.
Mr Shanmugam cited the Group of 20 developed and developing nations as having helped to prevent a worsening economic meltdown
But he also took issue with its exclusivity, saying that the G-20 leaves out the vast majority of the UN member nations, particularly small states
The minister said the Global Governance Group, or G-3, was established by like-minded countries including Singapore, to strengthen engagement within the G20 and the UN
Mr Shanmugam also emphasised the importance of peaceful resolutions of disputes and the rule of law
He said it was "particularly important" for the survival of small states such as Singapore.
MORE SINGAPORE NEWS
- Ex-colleagues testify at coroner's inquiry into Shane Todd's death
- Celebrities attend inaugural Social Star Awards
- Singapore economy surprises with 1.8% growth in Q1
- Documents come under scrutiny in City Harvest Church trial
- Beware of sham "NTUC FairPrice" emails
- Singapore condemns senseless killing of British soldier
- Vietnamese woman, Singaporean man jailed for sham marriage
- NTU's new medical school to pioneer use of plastinated bodies
- 103 honorary aides-de-camp appointed
- S'pore, France to enhance cooperation on law enforcement matters
- Town council review should have three desired outcomes: Lee Yi Shyan
- Ex-colleagues say Dr Todd happy to leave IME
- Names for Thomson Line stations goes to public vote
- Singapore's inflation slowed to 1.5% in April
- Man injured at Audi Fashion Festival dies
- S$293m of CPF arrears recovered in 2012
- Govt to call S$1.2b of IT tenders
- Singapore's GDP growth slows in Q1
- NIE director first S'porean to receive highest award from US Teachers College
- MHA in talks with PSD to review Home Team officers retirement age
Latest Photo Galleries on xinmsn
- Shared
- Viewed
NEWS VIDEOS
938LIVE SINGAPORE NEWS
sitemap
- Entertainment
- Asia Celeb News
- Hollywood Buzz
- Korean Buzz
- Celeb Interviews
- Celeb Bios
- Celeb Blogs
- Photo Galleries
- Music Reviews
- Movies
- xinFirst Webisodes
- TV Channels
- Channel 5
- Channel 8
- Channel U
- okto
- Suria
- Vasantham
- Radio
- 938LIVE
- 987FM
- Class 95FM
- Gold 90.5FM
- Lush 99.5FM
- Symphony 92.4FM
- Capital 95.8FM
- Love 97.2FM
- Y.E.S. 93.3FM
- Ria 89.7FM
- Warna 94.2FM
- Oli 96.8FM
- XFM 96.3FM
- Lifestyle
- Beauty & Fashion
- Food
- Going Out
- Health
- Relationships
- Travel
- Work Life
- Style
- Style:Men
- Style:Weddings
- Style:Living
- i-Weekly i周刊
- 8 DAYS
- Timepieces
- FHM
- Manja
- Mother & Baby
- Elle
- Postbox
- News
- Singapore
- World
- Regional
- Sci-Tech
- Weird
- Business
- News Videos
- Sports
- Local Sports
- BPL
- World Football
- Formula One
- NBA

















