rtokens: In June , the WTO hailed Singapore for its open market policies but the European Union and other trading powers called on Singapore to speed up the opening of its services sector .
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tokens: At the ministerial meeting , trade ministers will review the work of the WTO and the implementation of the Uruguay Round free trade commitments under its predecessor the General Agreement on Tariffs and Trade ( GATT ) .
ltokens: There is the international prestige Singapore would enjoy , but " more importantly there is a genuine national interest in fostering better global free trade and an open market " , said Tan Kong Yam , head of Business Policy at the National University of Singapore .