Strengthening ties with Singapore on trade and innovation

Minister for Jobs and Innovation, Michaelia Cash, is visiting Singapore from 3 to 6 June to promote Australia’s industry, innovation and science sectors, exchange ideas on how to best support job creation in a digital economy, and advance Australia’s economic interests in the region.

Singapore is Australia’s largest trading partner in ASEAN, the eighth-largest trading partner overall and sixth-largest foreign investor. According to Austrade data, Australian merchandise exports to Singapore were $A5.8 billion in 2016-17and our imports from Singapore were $A8.2 billion.

During the visit, Minister Cash will meet with ministerial counterparts to build bilateral economic partnership and innovation collaboration, as well as exchange perspectives on a range of regional and global issues.

Minister Cash will present on the digital world at Singapore’s Smart Nation Innovations Week, where more than 20,000 people will gather to learn about disruptive innovations. She will attend the Straits Digital Exchange with ministers, senior policy makers and industry leaders to discuss the impacts of the digital economy on job creation.

The Minister will also address the Australian Chamber of Commerce to promote Australia’s investment in the appropriate digital infrastructure and innovation to support job creation in our economy. She will also exchange ideas on the promotion of women working in the science, technology, engineering, mathematics and medicine (STEMM) sectors.

Minister Cash will visit Australia’s Landing Pad, a gateway for Australian start-ups and business into Southeast Asia, and will visit A*START Central – a co-innovation space that supports technology entrepreneurs – to discuss A*STAR’s partnership with CSIRO and explore future areas of collaboration.

Minister Cash said in a statement yesterday that she will be promoting Australia’s commitment to innovation and science, and the jobs they can create through a strong collaboration between both countries.

“Singapore is a natural partner for Australia. It has a dynamic venture capital and investment community, and is one of Asia’s leading research and development centres.

“We share a vision for an open, inclusive and prosperous region, and work closely together to advance our mutual trade interests in the region.

“I will discuss with my ministerial counterparts ways for Australia and Singapore to build on our already close relationship,” said Minister Cash.

“I am particularly looking forward to meeting a group of Australian and Singaporean women in STEMM from government, research and private sectors who are all making big strides in science and technology,” said Minister Cash.

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