Singapore looking forward to concluding final pact on trade with Indo-Pacific countries says PM Lawrence Wong

Singapore aims to finalise a trade agreement with Indo-Pacific Economic Framework for Prosperity (IPEF) members, focusing on enhancing trade and promoting sustainability. Prime Minister Lawrence Wong emphasised the importance of trade and cooperation for regional prosperity and clean energy initiatives at the IPEF Clean Economy Investor Forum.

• IPEF Overview: Comprising 14 members, IPEF aims to promote cooperation and prosperity through initiatives in trade and supply chains.
• Recent Developments: Significant progress includes supply chain agreements, clean and fair economy agreements, with formal signings on June 6, 2024.
• Clean Energy Initiatives: IPEF focuses on clean energy infrastructure, new technologies, and financing, including a working group for subsea cable development involving Vietnam, Singapore, and the US.