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Should a war break out between China and the U.S. in the Pacific, “what you are seeing in the Strait of Hormuz will be a dry run,” Singapore Foreign Minister Vivian Balakrishnan said Wednesday.
Balakrishnan made the remarks at CNBC’s CONVERGE LIVE event in Singapore, responding to a question on whether the city-state was facing any pressure from Washington and Beijing to choose between the two.
Singapore has relationships with both the countries, and is uniquely positioned to take advantage of developments in the U.S. and China, Balakrishnan told CNBC’s Steve Sedgwick.
The U.S. is Singapore’s largest foreign investor with around 6,000 American companies based in the city-state. Singapore also runs a goods trade deficit with Washington to the tune of about $3.6 billion, according to the office of the U.S. Trade Representative.