New opportunities amidst COVID-19 crisis: Poland and Singapore vow to strengthen economic cooperation

29.05.2020

In a Joint Ministerial Statement issued on 29 May, the Republic of Poland Deputy Prime Minister and Minister of Economic Development Jadwiga Emilewicz and Singapore Minister for Trade and Industry Chan Chun Sing affirmed their commitment to strengthen bilateral economic cooperation and connectivity in the face of challenges posed by COVID-19 pandemic. Poland and Singapore ministers met virtually this afternoon via a videoconference link. In the statement, both parties committed to work closely to improve and expedite the flow of goods, in particular essential goods, including food and agricultural products as well as to ensure that trade lines, including via air and sea freight, are open, efficient and effective, making both economies stronger and more resilient.

“In the midst of the COVID-19 pandemics which brought about a reversal of globalization trends and disruption of trade, the joint statement will lay the ground for Polish and Singaporean businesses to turn the crisis into opportunities, as they can reach new markets and explore successful partnerships” - said the Deputy Prime Minister and Minister of Economic Development Jadwiga Emilewicz.

“Our bilateral trade in essential goods is now getting a momentum. We greatly appreciate the recent approval of Polish veterinary products by Singapore Food Agency, and are glad that the results of cooperation of governmental agencies have been already translated by our businesses into new contracts. First shipment of essential supplies from Poland is expected to reach Singapore as soon as next week. We look to enhance our connectivity, both physical and digital, as key to maintain and further develop close economic cooperation. Modern technologies, digitalization and innovation are areas where our countries can collaborate closer. While Singapore is known to be the regional innovation leader, Poland possesses sound R&D capabilities, high growth potential in digital industries and a large start-up community. It also looks to be one of the European country least affected by the oncoming recession”. – she added.

Pictures: Ministry of Economic Development of Poland

Materials

Joint Ministerial Statement Poland Singapore
JOINT_MINISTERIAL_STATEMENT_BY_POLAND_AND_SINGAPORE.pdf 0.24MB

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