Prime Minister visited Singapore to advances trade ties
by CM staff
The leaders discussed strategies for building more reliable, responsible, and resilient supply chains and helping Canadian companies do business in Singapore.
SINGAPORE — The Prime Minister, Justin Trudeau, met with the Prime Minister of Singapore, Lee Hsien Loong, to continue strengthening ties between the two countries during a bilateral visit. During their meeting, the leaders agreed to expand trade and investment ties.
The Prime Minister took the bilateral visit as an opportunity to meet with some of the country’s business leaders to build economic partnerships, attract investments, and create jobs for both countries.
He promoted Canada as an attractive, reliable destination for investment from Singapore. He also highlighted advantages like the robust supply chains and Canadian technology like artificial intelligence, clean technology, and engineering. The leaders discussed strategies for building more reliable, responsible, and resilient supply chains and helping Canadian companies do business in Singapore.
In Singapore, the Prime Minister announced the upcoming renewal of the Canada-Singapore Cybersecurity Memorandum of Understanding (MoU) that commits both nations to increasing co-operation on information sharing, skills development, and innovation and capacity building in our cybersecurity systems. This agreement will help coordinate internationally to combat ongoing threats to security, including in the Indo-Pacific region. The two leaders also agreed to begin negotiating a General Security of Information Agreement that would facilitate deeper defence cooperation and help Canadian industries participate in classified defence contracts and programmes with Singapore.
Prime Minister Trudeau and Prime Minister Lee announced their intention to establish a Canada-Singapore Youth Mobility Arrangement, which will make it easier for our youth and young professionals to work and travel in each other’s countries. This agreement will help our youth build language, life, and leadership skills, increase employment opportunities, and strengthen the Canada-Singapore relationship.
“Canada and Singapore are on the same page about key issues that matter to both our countries,” said Trudeau. “Our strong partnership is helping both us build resiliency, foster innovation, and grow our economies, and the discussions we’ve had here in Singapore make it clear that we’re on track to expand a relationship that benefits both our countries.”
