February 3, the Ministry of Trade and Industry of Singapore issued a statement saying that the World Economic Forum decided to postpone the special annual meeting of 2020 originally planned for May this year in Singapore to August 17-20 this year.
Singapore’s Ministry of Trade and Industry said that the decision was made because of global travel restrictions caused by the COVID-19 epidemic and the international challenges in combating the virus at this stage.
The statement said that the Singapore government is aware of the current challenges facing the World Economic Forum and has agreed with the organization’s proposal to reschedule the special annual meeting.
Singapore will continue to work closely with the World Economic Forum to ensure the safe and successful holding of this year’s special annual meeting in Singapore.
The World Economic Forum is an unofficial international body with the purpose of studying and exploring problems existing in the world economic field and promoting international economic cooperation and exchanges.
Its predecessor is the European Management Forum founded by Schwab in 1971. In 1987, the “European Management Forum” was renamed the “World Economic Forum”.
7 December 2020, the World Economic Forum announced that the 2021 Annual Meeting of the Forum will be held in Singapore from 13 to 16 May 2021, in light of the COVID-19 pandemic.