Singapore, OECD sign economic cooperation MoU

Singapore’s Ministry of Trade and Industry (MTI) and the Organization for Economic Co-operation and Development (OECD) signed a Memorandum of Understanding (MOU) June 10 to deepen cooperation and collaboration between both organizations. The MOU was signed by Minister for Trade and Industry Gan Kim Yong and the OECD Secretary-General Mathias Cormann in Paris, France.

The MOU will strengthen cooperation between MTI and OECD at expert-level on issues of mutual interest, including on digital trade, supply chain resilience, and trade and sustainability. This will take the form of regular joint research and analysis, cross learning of research knowledge and skills, and secondment of MTI officers to OECD Directorates.

Gan said, “Singapore and OECD enjoy a robust working relationship on economic and trade issues. By formalizing our cooperative and collaborative activities through this MOU, MTI will be able to deepen our exchanges with OECD and OECD Member States and contribute to analysis as well as discussions on trade-related issues such as digital trade, green economy and supply chain resilience where OECD plays a leading role.”

Gan is in Paris for WTO-related meetings in the lead-up to the WTO’s 12th Ministerial Conference which will be held in Geneva, Switzerland on 12 June.

Photo credit: Singapore Government.  Minister for Trade and Industry Gan Kim Yong (right) and OECD Secretary-General Mathias Cormann.

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