A series of initiatives have been signed between Singapore and Germany to create more opportunities for both countries to work together and accelerate their digital transformation. This includes an agreement signed between Enterprise Singapore (ESG) and the Asia-Pacific Committee of German Business (APA), as well as a Memorandum of Understanding (MOU) between ESG, the German Institution for Standardization (DIN) and the German Commission for Electrical, Electronic and Information technologies of DIN and VDE (DKE).
The agreement with the APA aims to support development through the transformation in common sectors, including advanced manufacturing, digitalization and innovation, medical technology and healthcare, and future mobility. Both agencies will also co-organize a revised version of the Germany Singapore Business Forum (GSBF), which has connected more than 400 firms from both countries over the last 4 years.
Similarly, the MOU between ESG, DIN, and DKE aims to deepen people-to-people ties through staff exchanges and groom young talent in standards development. It is an extension of an MOU signed in 2014, which previously covered collaboration in services, manufacturing and robotics, healthcare, and biomedical. The extension covers additional areas such as future mobility, Industry 4.0, artificial intelligence, cybersecurity, and the circular economy. Through this initiative, local firms deploying Industry 4.0 solutions can enjoy lower integration costs and fewer challenges when they deploy more advanced automation systems in their processes.
(Sources: Enterprise Singapore; The Straits Times)
