Wong Kan Seng, former deputy prime minister of Singapore and chairman of CLA Real Estate Holdings, delivers a speech via video link at BFA Annual Conference 2022. [Photo/ boaoforum.org]

It is important for investment to continue to remain open, to be welcome and for markets to remain open as well. As regards to the CPTPP and RCEP I would say several of the Asian countries are very fortunate to be members of these two important worldwide agreements. Half of the CPTPP countries are already members of the RCEP.

If China and a few others eventually join the CPTPP as well and ensure open market access to all participants, then this expansion of the economies and the market will certainly benefit the populations in these countries.