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Ecuador and Singapore sign cooperation agreement

Quito, Aug 24 (Prensa Latina) Ecuador and Singapore signed today a memorandum of understanding to strengthen bilateral cooperation in areas such as trade, education, digitalization, sustainability and public health, during the visit of President Daniel Noboa to the city-state.

As reported by the Ecuadorian Executive, the agreement was signed this Monday by the foreign ministers Roberto Kury, from Ecuador, and Vivian Balakrishnan, from Singapore, in the presence of Noboa and the Singaporean prime minister, Lawrence Wong.

The two-year memorandum addresses education, leadership and governance, digitalization, sustainability, public health, trade and economic initiatives through training, capacity building, and information sharing.

During his visit to the Asian country, Noboa also met with Singapore’s president, Tharman Shanmugaratnam, with whom he discussed the possibility of tightening Ecuador’s connection to Southeast Asia through Singapore, considered a major financial center. commercial, logistical and technological.

“Ecuador sees Singapore as a strategic partner; that’s why we want to attract investments, open markets and bring our communities closer,” said Noboa, in agreement with the Ecuadorian presidency.

For his part, Shanmugaratnam highlighted Ecuador’s geographic position on the South American Pacific coast as an advantage to expand Singapore’s trade opportunities in the region.

The agenda also included talks on opening new markets for Ecuadorian products such as cocoa, coffee and seafood, as well as cooperation in sustainable urban development and resilience against climate change.

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