PUBLISHED ONAugust 24, 2026 12:09 PMBYSean LerDeputy Prime Minister and Minister for Trade and Industry (Trade) Gan Kim Yong is on a two-day visit to the US from Monday (Aug 24) to 25.
In a statement on Monday afternoon, the Ministry of Trade and Industry (MTI) said the visit will build on Singapore's longstanding and multifaceted bilateral relationship with the US.
DPM Gan will be in New York City on Aug 24, where he will meet business and financial industry leaders.
He will then head to Washington the next day to meet with members of the US administration to reaffirm the strong trade and investment ties between Singapore and the US.
The deputy prime minister is also expected to discuss areas for further cooperation in trade, investment, and emerging sectors of mutual interest.
MTI noted in its statement that Singapore and the US are major trade and investment partners.
Last year, merchandise trade between the US and Singapore amounted to $139.2 billion, making the US the city state's fourth largest trading partner in goods.
Meanwhile, the US was Singapore's largest trading partner in services, with bilateral services trade amounting to $185.1 billion in 2024.
Singapore was also the US' third largest Asian investor with about US$53 billion (S$67.3 billion) in foreign direct investment (FDI) in 2025, while the US was Singapore's largest investor with $778.6 billion in FDI in 2024.
According to MTI, bilateral trade and Singapore's investments support around 350,000 jobs in the US.
The US has a combined goods and services trade surplus of $34.7 billion with Singapore.
On July 24, MTI, in response to a new 12.5 per cent tariffs imposed on imported goods "produced with forced labour", said that it will continue engaging its US counterparts.
Singapore is among the 60 territories hit with the new levies as US President Donald Trump's temporary 10 per cent worldwide tariffs expired that day.
An MTI spokesperson said then that about one-third of the Republic's domestic exports to the US will be subjected to 12.5 per cent tariff.
"Singapore does not condone the use of forced labour and has a comprehensive enforcement framework and good track record against such illegal practices within our borders," the spokesperson added.
DPM Gan will be accompanied by MTI officials.
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