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Ministry of Trade and Industry
1. Press releases

Launch of the Future of Investment and Trade (FIT) Partnership in support of open and fair trade

16 September 2025

Brunei, Chile, Costa Rica, Iceland, Liechtenstein, Morocco, New Zealand, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates (UAE), and Uruguay announced the establishment of the Future of Investment and Trade (FIT) Partnership via a virtual Ministerial Meeting today. The World Trade Organization Director-General Dr. Ngozi Okonjo-Iweala was also present at the launch. Singapore was represented by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong. The Ministers1 also issued a joint Ministerial Declaration setting out the Partnership’s objectives, principles, and priorities (appended with the joint press release in Annex B).

Download the full press release [PDF, 469 KB] (opens in new tab). 

MINISTRY OF TRADE AND INDUSTRY
16 SEPTEMBER 2025