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PM Lee urges US, Asean to create value via innovation, entrepreneurship

Economic cooperation key plank of ties; both sides have to go beyond lower costs or adding value

Mr Lee, seen here with Mr Obama, says: "No single Asean member country can match the size, the wealth and the sophistication of the American market, with (its) 300 million-plus consumers. But you take Asean, it is a significant single market and production base with a combined population of 600 million."


THE United States and South-east Asia must find ways to create value through innovation and entrepreneurship in order for their countries to prosper, said Prime Minister Lee Hsien Loong in California on Monday (Tuesday morning, Singapore time).

Mr Lee made the point at...