Deputy Prime Minister Gan Kim Yong highlights strong cooperation and new opportunities in energy, trade, and technology.
Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry of Singapore, delivered an optimistic message at the Ostasiatisches Liebesmahl, focusing on stronger cooperation and shared opportunities between Singapore and Germany.
The event, held recently, celebrated over a century of partnership between Germany and Asia, highlighting enduring ties and collaboration across regions.
In his speech, Mr. Gan acknowledged global challenges such as disruptions in the Strait of Hormuz, but emphasized that such moments also create opportunities for countries to build resilience and strengthen partnerships.
He noted that Singapore and Germany, both open and trade-driven economies, are well-positioned to work together in navigating global changes. Their shared commitment to cooperation, rules-based trade, and innovation continues to support growth and stability.
Mr. Gan highlighted that in 2024, both nations elevated their relationship to a Strategic Partnership, marking a new chapter in bilateral ties. Today, Germany is Singapore’s largest European Union trading partner in goods, with over 2,300 German companies operating in Singapore. These companies use Singapore as a gateway to Southeast Asia, one of the world’s fastest-growing regions.
Looking ahead, Mr. Gan outlined three key areas where collaboration can create positive impact:
- Energy: Both countries are advancing clean energy solutions. Projects like the ASEAN Power Grid and joint efforts in hydrogen and ammonia fuel development offer strong potential for a sustainable future.
- Trade: Strong agreements such as the EU–Singapore Free Trade Agreement continue to support business growth, while deeper links between Europe and Asia are opening new markets.
- Technology: Cooperation in innovation, including artificial intelligence and advanced manufacturing, is driving new opportunities and economic growth.
Mr. Gan also highlighted initiatives like the Singapore–Germany Year of Innovation, which will further strengthen collaboration between businesses, researchers, and institutions in both countries.
He concluded by reaffirming that Singapore and Germany share a common vision as global trading hubs. By working together, both nations can create a more connected, resilient, and prosperous future for their economies and the wider world.
Source: MTI
