Prime Minister Lawrence Wong joined leaders of Chile and New Zealand to launch negotiations for a pioneering Green Economy Partnership Agreement.
Singapore launched negotiations for a new Green Economy Partnership Agreement (GEPA) together with Chilean President Gabriel Boric and New Zealand Prime Minister Christopher Luxon. The announcement marked a significant step towards strengthening international cooperation on climate-aligned trade and sustainable economic development.
The launch underscored the longstanding collaboration between Singapore, Chile and New Zealand in advancing innovative multilateral frameworks. The three countries had previously worked together (alongside Brunei) on the P4 trade arrangement, which later evolved into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). They also jointly initiated the Digital Economy Partnership Agreement (DEPA), which has since attracted the interest of additional economies seeking to harmonise digital standards and rules.
Image by: Singapore Prime Minister, Lawrence Wong
With the GEPA, the three partners committed to once again breaking new ground by integrating trade with climate action. The agreement aims to shape common standards in emerging areas such as sustainable aviation fuel, carbon credit mechanisms, and other green-economy frameworks. These standards are expected to reduce regulatory friction, support business collaboration, and generate new opportunities for citizens and enterprises across the three countries.
The initiative reflected a shared belief that economic growth and environmental sustainability can be mutually reinforcing. Singapore emphasised that the GEPA sends a clear signal of the value of cooperation in building a resilient, sustainable and competitive future, benefitting current and future generations.
Source: Singapore Prime Minister, Lawrence Wong
