Singapore has excellent logistics, infrastructure and a trade eco-system, but we cannot assume there would no disruptions to our food supplies, says Paul Teng.
Paul Teng Channel NewsAsia 23 Dec 18;
SINGAPORE: The shortages of eggs, some types of wild fish, and shrimps from Malaysia that may lead to export curbs and price increases may be a forerunner of things to come.
This is illustrative of the increasing link between food exporting countries and importing ones, especially in Southeast Asian since the ASEAN Economic Community (AEC) came into force in December 2015 which advocates an integrated market for ASEAN, though countries have long been cognisant of such dependencies.
With greater economic integration comes higher regional interdependence. Closer linkages are desired as the expansion of business opportunities aid countries, particularly lower-income ASEAN member states, to grow their economies. But it also means that situations resulting in domestic policy changes in one country can affect others.
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