Industry trade

Minister Ng meets with Singapore Minister of Trade and Industry on strengthening economic relations

The Honorable Mary Ng, Minister of Small Business, Export Promotion and International Trade, spoke yesterday with Kim Yong Gan, Minister of Trade and Industry of Singapore.

Minister Ng congratulated Minister Gan on his recent appointment and said she looked forward to working closely with him on important trade initiatives that support the economic growth of Canada and Singapore. This includes as partners in the CPTPP and through continued efforts to improve rules-based trade through multilateral forums such as the Ottawa Group on WTO Reform led by Canada.

Minister Ng also expressed appreciation for Singapore’s support for a Canada-ASEAN Free Trade Agreement as the Government of Canada seeks to increase trade and investment opportunities for Canadian businesses in Southeast Asia. .

Minister Ng noted that Canada is exploring ways to leverage the Canada-Singapore Infrastructure Memorandum of Understanding and other agreements that link innovative Canadian companies to opportunities in Southeast Asia. She is also looking forward to attending the Asia Infrastructure Forum at the end of June to discuss how large-scale sector investments can contribute to economic recovery from the COVID-19 pandemic.

Minister Ng and Minister Gan also discussed possibilities for increased collaboration in the fields of science, technology and innovation, green economy and agricultural technology. Minister Ng highlighted programs such as the Canadian Technology Accelerator (CTA) in Singapore, which supports high growth and high potential Canadian companies in major global technology hubs in these sectors, providing personalized and enhanced services for help them develop, grow and expand into new markets.

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