This web page was created programmatically, to learn the article in its authentic location you possibly can go to the hyperlink bellow:
https://www.nsw.gov.au/ministerial-releases/nsw-strengthens-economic-ties-singapore-through-new-memorandum-of-understanding
and if you wish to take away this text from our website please contact us
The MoU between Investment NSW and Enterprise Singapore – a statutory board underneath Singapore’s Ministry of Trade and Industry – was signed at the moment in Sydney, coinciding with Singapore Prime Minister Mr Lawrence Wong’s go to to Australia, and 60 years of diplomatic relations between the 2 nations.
The MoU will concentrate on sectors together with vitality, city improvement, expertise and transport, and can facilitate industrial partnerships between NSW and Singaporean firms, traders and entrepreneurs.
Key advantages of the MoU embody:
- Encouraging funding from Singapore companies into New South Wales.
- Enhancing NSW’s position as a house for Singapore startups and high-growth firms.
- Attracting innovators, entrepreneurs and scientists from Singapore to NSW’s innovation districts together with Tech Central.
- Enabling NSW exporters to turn into early-movers in high-growth Southeast Asian markets.
The MoU aligns with the NSW Trade and Investment Strategy 2035, which emphasises government-to-government relationships and sustaining sturdy formal agreements in precedence markets.
Partnerships like this, which concentrate on Southeast Asia’s technological developments and financial progress, present a powerful basis for the NSW Government’s longstanding relationship with the area to broaden and deepen.
Minister for Industry and Trade Anoulack Chanthivong stated:
“This deal reflects our commitment to building deeper economic ties with Singapore through practical, forward-looking collaboration.
“It will help unlock new opportunities for NSW businesses in one of Southeast Asia’s investment hubs and fast-growing innovation sectors.
“This is a priority market replete with longstanding and likeminded trading partners.
“By working together, we’re strengthening our collective competitiveness, and creating new investment pathways for the future.
“The Australian Government has done a fantastic job strengthening our national relationship with Singapore, clearing the way for important agreements like these.”
Investment NSW Deputy Secretary Rebecca McPhee stated:
“This agreement is a strategic step in delivering the NSW Trade and Investment Strategy 2035, with a clear focus on continued international engagement to drive innovation, sustainability and commercial outcomes.
“It will enable NSW companies to scale into new markets and attract Singaporean talent and investment into our state.
“We’re proud to partner with Enterprise Singapore to turn shared ambition into tangible growth.”
Enterprise Singapore Managing Director Cindy Khoo stated:
“Over the years, Singapore enterprises have grown their presence in NSW, leveraging the state’s vibrant innovation ecosystem and push for decarbonisation, alongside the strong support of our partner and government networks in the market.
“With this latest partnership, we look forward to unlocking even more commercial opportunities and progress in areas of green economy and innovation.
“I am confident that Singapore companies will make good partners, contributing expertise that can complement and support NSW businesses’ in their growth ambitions. These include providing proven innovative solutions and bringing with them relevant experience in Southeast Asia that can help open doors for NSW businesses to expand into the region.”
This web page was created programmatically, to learn the article in its authentic location you possibly can go to the hyperlink bellow:
https://www.nsw.gov.au/ministerial-releases/nsw-strengthens-economic-ties-singapore-through-new-memorandum-of-understanding
and if you wish to take away this text from our website please contact us
