Malaysia and Singapore have signed three agreements, including two cooperation frameworks on the digital economy and the green economy. The agreements were signed today between the Ministry of International Trade and Industry (MITI) and the Ministry of Trade and Industry (MTI) of Singapore.
The signing of the agreements was witnessed by Prime Minister of Singapore Lee Hsien Loong and Prime Minister Datuk Seri Anwar Ibrahim, who paid a one-day official visit to Singapore onreports.
The green economy cooperation will explore, among other things, collaboration on electric vehicles and autonomous vehicle standards, as well as the deployment of charging points for electric vehicles for cross-border use.
Both countries are also prepared to jointly discuss the development of new and renewable energy-related technology standards and explore projects in low-carbon solutions. According to MTI, the green economy framework agreement is Malaysia’s first green economy agreement signed with any country.
Regarding the digital economy, the cooperation framework covers areas such as trade facilitation, cross-border data flows and electronic payments. In addition to the two framework agreements, the two countries also signed a memorandum of understanding (MOU) that will allow them to cooperate on issues such as personal data protection and cybersecurity.