SG joins 13 countries in launch of Future of Investment and Trade Partnership

It will host the first ministerial meeting in November 2025.

Singapore has joined 13 other nations in launching the Future of Investment and Trade (FIT) Partnership, a new initiative to promote open and fair trade amidst growing global economic headwinds.

The partnership was announced at a virtual Ministerial Meeting attended by Brunei, Chile, Costa Rica, Iceland, Liechtenstein, Morocco, New Zealand, Norway, Panama, Rwanda, Switzerland, the United Arab Emirates (UAE), and Uruguay.

WTO Director-General Dr. Ngozi Okonjo-Iweala took part in the launch, whilst Singapore was represented by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong.

In a joint declaration, ministers outlined the partnership’s objectives, principles, and priorities.

The FIT Partnership will act as an informal platform to foster cooperation and develop initiatives in three areas: supply chain resilience, investment facilitation, and non-tariff barriers and trade facilitation. Trade technology will also serve as a cross-cutting enabler.

The initiative comes as rising protectionism and supply chain disruptions continue to strain the rules-based multilateral trading system — a concern for smaller, trade-dependent economies like Singapore.

Singapore will host the first FIT Partnership Ministerial Meeting on the sidelines of the Bloomberg New Economy Forum from 19-21 November 2025, where ministers are expected to endorse concrete initiatives.