New US-Singapore Partnership for Growth and Innovation MoU

Nov 2021

Singapore and the US signed an MoU to implement the US-Singapore Partnership for Growth and Innovation, aimed at strengthening ties on trade and investment between the two countries.

The two countries will convene activities for government and private sector leaders to promote commercial partnerships and exchanges on policy developments in four key areas – digital economy, energy and environmental technologies, advanced manufacturing, and healthcare. The partnership marks a major milestone as both countries commit to working closely together for a stronger post-Covid-19 recovery.

The two governments are committed to delivering commercially meaningful outcomes on priority topics such as e-commerce, cyber security, clean energy and climate change solutions, medical technologies, and advanced manufacturing technologies. The challenge of enhancing supply chain resilience will also figure in discussions between the two parties, with other stakeholders and governments from South-east Asia invited where possible. The Partnership expands and elevates the work done under the US-Singapore Infrastructure Collaboration Platform MOU, which was launched in 2016 and renewed in 2018.

(Source: Channel News Asia)

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