Singapore and New Zealand ink agreements to strengthen ties, deepen cooperation in key areas

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SINGAPORE: Singapore and New Zealand on Friday (May 17) signed a partnership agreement to bolster cooperation in trade, defence, and science, ...

SINGAPORE: Singapore and New Zealand on Friday signed a partnership agreement to bolster cooperation in trade, defence, and science, technology and innovation.

In 2018, bilateral trade registered a 12.1 per cent year-on-year increase to S$4.1 billion. Singapore was New Zealand’s sixth largest investor with a stock of approximately S$3.9 billion worth of investments as of end-2017. The changes will mean that the pharmaceutical industries in both countries will save time and resources and ensure quicker access to medicinal products for patients, and that shipments will be released at both borders faster.

 

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