The Comprehensive Strategic Partnership with Singapore, one of Australia’s most important trading partners in Asia, will bring the two nations even closer together, says Asialink Business.
Asialink, which helps Australian companies to grow their business in Asia, says the new package with Singapore encompasses broad-ranging measures to promote seamless trade and investment.
The CSP will deepen cooperation across defence, education, the arts and tourism, says Asialink.
Asialink has also welcomed the announcement of a new innovation landing pad in Singapore for Australian start-ups.
The government allocated $2.4m over two years in the budget to bring forward the opening of the Singapore and Berlin Landing Pads, to 2016-17 (from 2018/19).
“Collectively, these initiatives mark the most significant step to deepen the bilateral relationship in decades, says Asialink Chairman, Sid Myer.
Deeper education and cultural exchange
“The multi-faceted measures outlined in this package will enhance the diverse links between our two countries and further help position Australia and Australians within the growth story of Asia.
“We particularly welcome the focus on connecting our younger generations, with deeper education and cultural exchange, including through the BRIDGE schools program, a flagship or Asialink’s Asia Education Foundation,” Mr Myer said.
Asialink CEO Jenny McGregor AM said: “Singapore is already a key strategic partner and these initiatives will provide even more opportunities for us to work together to tackle regional challenges.”
And Asialink Business CEO, Mukund Narayanamurti, said: “Singapore is already a major gateway to Southeast Asia, as our largest trade and investment partner in ASEAN and our fifth largest trading partner overall. These initiatives will help create an even more favourable environment for businesses and entrepreneurs and make it even easier for trade, capital, and professionals to move across borders.”