Australia is committed to enhancing investment ties with Singapore

Deputy Prime Minister the Hon Richard Marles MP, Minister for Foreign Affairs Senator the Hon Penny Wong and Minister for Trade and Tourism Senator the Hon Don Farrell will host their Singaporean counterparts today for the 13th Singapore–Australia Joint Ministerial Committee meeting in Canberra.

Australia and Singapore have a strong and ambitious relationship, underpinned by a shared vision for a region that is peaceful, stable and prosperous, where sovereignty is respected.

This year marks the 20th anniversary of the Singapore Australia Free Trade Agreement. Our cooperation with Singapore has grown remarkably in recent decades and is guided by our Comprehensive Strategic Partnership.

Our biennial Joint Ministerial Committee meetings with Singapore are an important platform to discuss our shared strategic, trade and investment interests, and our cooperation across defence and security, the digital and green economies, food security, education, the arts, science and innovation.

Quotes attributable to the Deputy Prime Minister and Minister for Defence, the Hon Richard Marles MP:

“Australia and Singapore have a deep and abiding defence relationship. We are proud to count Singapore as one of our closest partners.

“I look forward to discussing ways we can continue to build on our great friendship, as part of our shared contribution to the collective security and prosperity of the region.”

Quotes attributable to Minister for Foreign Affairs, Senator the Hon Penny Wong:

“Australia and Singapore share a region and we share a future.

“Our close cooperation on the energy transition, including through the Australia-Singapore Green Economy Agreement, and our work to address food insecurity are key to ensuring a stable, peaceful and prosperous future for our region.”

Quotes attributable to Minister for Trade and Tourism, Senator the Hon Don Farrell:

“This year marks 20 years since Australia and Singapore signed its Free Trade Agreement. Australia is more committed than ever to enhancing our two-way trade and investment ties with Singapore.

“We look forward to working closely with Singapore to seize the opportunities presented by the global clean energy transition.”


Source: DFAT

Also read: Trade opportunities arising from Australia’s and Singapore’s new Green Economy Agreement

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