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Ministry of Trade and Industry
1. Press releases

Joint Press Release - FIT Partnership Ministers issue Declaration on Strengthening the Rules-Based Trading System

16 March 2026

Updated: 1 April 2026

Ministers and representatives from 10 members* of the Future of Investment and Trade (FIT) Partnership – Costa Rica, Iceland, Liechtenstein, New Zealand, Norway, Paraguay, Rwanda, Singapore, Switzerland and Uruguay - convened virtually today and endorsed a Ministerial Declaration on Strengthening the Rules-Based Trading System (“Declaration”). The meeting was chaired by Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Mr. Gan Kim Yong, in Singapore’s capacity as Coordinating Chair of the FIT Partnership in its inaugural year. 


On 20 March 2026, the Declaration was endorsed by Chile and Malaysia, and on 1 April 2026, the Declaration was endorsed by Brunei, bringing the total number of endorsing members to 13.


Download the full joint press release [PDF, 358 KB].


Endorsed by the Ministers responsible for international trade of the following countries on:

16 MARCH 2026
COSTA RICA, ICELAND, LIECHTENSTEIN, NEW ZEALAND, NORWAY, PARAGUAY, RWANDA, SINGAPORE, SWITZERLAND, URUGUAY

20 MARCH 2026
CHILE, MALAYSIA 

1 APRIL 2026
BRUNEI

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