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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.
Singapore will “refuse to choose” one over the other, he added.
“The way we conduct our affairs is we assess what is in Singapore’s long term national interests, and if I have to say no to Washington or Beijing or anyone else, we don’t flinch from that.”
“We are acting in our own long term national interest. We will be useful, but we will not be made use of,” he added.
‘Choke points matter’
At its narrowest point, the Strait of Malacca is two nautical miles, compared to 21 nautical miles for the Strait of Hormuz.
The minister was also asked if the actions of Iran in trying to extract tolls from ships passing the Strait of Hormuz would be have other countries thinking of also collecting tolls through chokepoints such as the Strait of Malacca.
Balakrishnan said that it was a risk if this scenario came to fruition, but the states alongside the Strait of Malacca — Singapore, Malaysia and Indonesia — have a strategic interest in keeping it open and not collecting tolls.
“With respect to both America and China, we have told both of them we operate on the basis of UNCLOS,” he said, referring to the United Nations Convention of the Law of the Sea.
“The right of transit passage is guaranteed for everyone. We will not participate in any attempts to close or interdict or to impose tolls in our neighborhood.”
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