STRONGER ECONOMIC COLLABORATION, SECURITY COOPERATION
The CSP will also strengthen economic collaboration between the two nations, said Mr Wong.
There will be more investment and capital markets collaboration that will enable New Zealand companies to use Singapore as a “springboard” to Southeast Asia, and for companies in the region to access opportunities here in New Zealand, said Mr Wong.
A new plurilateral green economy partnership is also being discussed to “push the frontiers to integrate trade and climate action”, he said.
A New Zealand-Singapore Leadership Forum will also be held next year to enhance economic, policy and business linkages between the nations.
Security cooperation will also be broadened. Mr Wong expressed his appreciation for New Zealand’s “longstanding support” for the Singapore Armed Forces’ training.
He said that Singapore will continue to facilitate the New Zealand Defence Force’s access in and through Singapore, including by hosting its assets for maintenance.
New areas of cooperation, such as unmanned technologies, are also being explored, he added.
Both nations will also have an annual leader’s meeting to continue guiding collaboration.
“Together, we will work together not just for bilateral win-win projects, but also to support our wider region,” he said.
The Ministry of Foreign Affairs said in a statement that a detailed plan of action will guide the implementation of the CSP over the next decade, with officials conducting periodic reviews to “track progress and uphold the strategic vision of our partnership”.
MTI, in a separate statement, also gave further details of the economic initiatives under the CSP, including one between Enterprise Singapore and the New Zealand Trade and Enterprise.
Under a refreshed Memorandum of Understanding, both nations will deepen collaboration and promote business ties in areas such as trade and connectivity, and technology and innovation.
Source: CNA
