At present, U.S. Underneath Secretary of Commerce for Worldwide Commerce Marisa Lago and Singapore Everlasting Secretary of the Ministry of Commerce and Trade Gabriel Lim held the inaugural U.S.-Singapore Partnership for Development and Innovation (PGI) annual dialogue. The dialogue convened non-public sector and civil society representatives from each nations to assist evaluation PGI actions and outcomes in 2022 and to tell plans for collaboration in 2023.
U.S. Secretary of Commerce Gina Raimondo and Singapore Minister for Commerce and Trade Gan Kim Yong signed the Memorandum of Understanding implementing the PGI in October 2021. The PGI is a bilateral financial cooperation platform designed to safe inclusive progress for our economies and areas by strengthening U.S.-Singapore alternatives and collaboration in new and forward-looking areas.
Underneath Secretary Lago and Everlasting Secretary Lim issued the next assertion:
“Since signing the PGI one 12 months in the past, our two governments have labored collectively to advertise commerce and commerce in 4 pillars: superior manufacturing and provide chain resilience, clear power and environmental applied sciences, digital economic system and good cities, and healthcare.
“We’ve got labored with the non-public sector to determine challenges in regional manufacturing provide chains and explored areas for collaboration to enhance resilience and promote seamless commerce, resembling by way of the event and adoption of worldwide requirements. By way of an Superior Manufacturing Enterprise Improvement Mission to Singapore and different nations within the area this month, our governments introduced the Singapore and U.S. non-public sectors collectively to facilitate new alternatives for enterprise collaboration. There was constructive follow-up with ongoing business discussions between the non-public sectors from each nations.
“In July, to assist meet the digital, clear power, and infrastructure wants of cities, our governments supplied a platform on the World Cities Summit for info and communications know-how, planning, and infrastructure firms to reveal their superior know-how and repair options to Southeast Asian metropolis leaders and potential enterprise companions. We, in collaboration with the U.S. Worldwide Improvement Finance Company, additionally convened an ideation roundtable specializing in power transition in Asia on the Asia Infrastructure Discussion board, which introduced collectively governments and companies from the USA, Singapore, and the area to alternate concepts.
“By way of the PGI, we have now labored to collectively promote requirements and guidelines that advance technological innovation, permitting firms and people to maximise the financial advantages of the digital economic system, whereas minimizing dangers. Our work collectively to increase membership within the World Cross-Border Privateness Guidelines (CBPR) Discussion board that launched in April will assist facilitate the movement of cross-border knowledge, whereas defending private info. To assist girls of their journeys as tech leaders and entrepreneurs, Secretary Gina M. Raimondo and Minister for Communications and Info Josephine Teo launched the U.S.-Singapore Girls in Tech Partnership Program in June.
“In healthcare, we met with firms in September to assist spotlight the significance of well being knowledge transfers in selling innovation, supply of care, and regulatory compliance.
“In 2023, we are going to proceed our work on increasing membership within the World CBPR Discussion board, holding networking and mentoring classes and workshops by way of the U.S.-Singapore Girls in Tech Partnership Program, and creating interoperable synthetic intelligence (AI) governance frameworks to help business’s adoption of reliable AI. As well as, we are going to try to ship commercially significant outcomes on cybersecurity, resembling by sharing info on cybersecurity labelling schemes, and digital upskilling initiatives; superior telecommunications cooperation; provide chain connectivity and resiliency; and regional clear power initiatives. We are going to proceed to ask stakeholders and governments from Southeast Asia to take part in PGI actions as we search to align our work with different initiatives.”
Underneath Secretary Lago and Everlasting Secretary Lim additionally issued particular person statements:
“Kudos to the U.S. and Singapore authorities groups for his or her knowledgeable work in creating extra clear and resilient provide chains, accelerating the clear power transition, and utilizing the digital economic system to drive safe and inclusive financial progress. Let’s construct on the success of those PGI actions whereas exploring further areas for business collaboration in 2023,” mentioned Underneath Secretary Lago.
Everlasting Secretary Lim acknowledged, “Over the previous 12 months, the PGI has introduced our governments and personal sectors nearer collectively, and deepened our understanding of alternatives and challenges for our nations and companies. We are going to construct on this robust basis throughout the main target areas of the PGI, particularly provide chain resilience, the clear power transition, and the digital economic system. For 2023, we are going to catalyse the inventive energies and modern capabilities of our companies to ship tangible advantages to companies, employees and residents in the USA, Singapore, and the area. We are going to deepen Singapore’s financial engagement with the USA, and strengthen ties between our nations.”
Secretary Raimondo, Minister Gan, and Minister Teo have held common discussions in 2022 on the progress of the PGI and look ahead to persevering with their shut working relationship into 2023 and past.
Up to date Oct. 28 to mirror the right quote of Everlasting Secretary Lim.
