The two countries will also work towards establishing a green and digital shipping corridor by the end of 2025.
SINGAPORE: Singapore and Australia will launch a new A$20 million programme to support small- and medium-size enterprises from both countries to jointly develop innovative green products.
The programme falls under the Singapore-Australia Green Economy Agreement, which was signed by both countries in October 2022. The two countries are finalising the guiding principles and work plan to guide collaboration under a food pact, which aims to increase the trade of food products, promote Singapore as a transhipment hub for Australian food products, and cooperate on global food security issues.
"We both want a greener and cleaner future, and we will get to net zero. We both want more resilient supply chains, particularly in critical areas like food and energy," Mr Wong continued, responding to a question about what the private sector can take away from the partnership.
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