Japan-Singapore Economic Dialogue Held

On February 15, the Japan-Singapore Economic Dialogue (JSED) was held in Singapore.
The launch of this dialog was agreed to by the METI Minister and Dr. Tan See Leng, Second Minister for Trade and Industry and Minister for Manpower, during a meeting in May 2022. The dialog included discussions on topics including how to cooperate in order to promote business partnerships, including promoting specific projects involving startups, supply chain enhancement, and digital economies, which are important themes in Japan and Singapore in order to materialize initiatives based on the ASIA-Japan Investing for the Future Initiative announced in January 2022, and how efforts between Japan and Singapore should lead to deepening economic relations throughout ASEAN.
In addition, a joint statement was issued regarding the direction of the partnership between Japan and Singapore based on the discussions.

• JOINT MEDIA STATEMENT(PDF:62KB)

In addition, as specific collaboration projects under the dialogue, it was announced that the Singapore-Japan Fast Track Pitch Event would be held jointly by METI, JETRO, the Ministry of Trade and Industry of Singapore, Enterprise Singapore, and Economic Development Board. This event is part of the ASEAN-Japan Fast Track Initiative.

• ASEAN-Japan Fast Track Pitch will be held to accelerate open innovation in overseas.by Japanese companies and startupsNews Release

Outline

Japan-Singapore Economic Dialogue (JSED)

Date

February 15, 2023, 13:30-17:40 (Singapore Time)

Venue

PARKROYAL COLLECTION Marina Bay * Hybrid format

Japan side

Mr. HIRAI Hirohide, Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry (Co-chair)
JETRO, NEXI, the Japanese Chamber of Commerce and Industry, Singapore (JCCI), others

Singapore side

Mr. Gabriel Lim, Permanent Secretary of the Ministry of Trade and Industry (Co-Chair)
Ministry of Communications and Information, Enterprise Singapore, Economic Development Board, Infocomm Media Development Authority, Singapore Business Federation, others

Summary of discussions

1. Promotion of startups and building of ecosystems
・ Announcement of the Singapore-Japan Fast Track Pitch Event, a collaboration project between Japan and Singapore
・ Presentations by startup companies (AI Medical Service Inc., Asuzero Singapore Pte. Ltd., Elephantech Inc., etc.

2. Cooperation on Enhancing supply chains in the Digital Age
・ Making supply chains more resilient and making CO2 emissions visible throughout the supply chain
・ Trade Facilitation
・ Introduction of initiatives by companies related to the topics above (Green x Digital Consortium, TradeWaltz Inc.), etc.
 
3. Digital Economy Collaboration
・ Government efforts to promote cross-border dataflow, etc.
 

Division in Charge

Asia and Pacific Division, Trade Policy Bureau