The imperative has been sharpened by what Singapore sees as the frustratinglyslow pace of trade liberalisation internationally despite the World Trade Organisation (WTO).
Fed Chairman Ben Bernanke stated that while there was growth in the third quarter, the recovery is likely to be frustratinglyslow for the foreseeable future.
While negotiations for the country's full EU membership began in October 2005, progress has been frustratinglyslow as countries including Germany and France question Turkey's suitability for EU status.