Singapore, Malaysia sign three cooperation agreements on digital economy, green economy
Singaporean Prime Minister Lee Hsien Loong and his Malaysian counterpart Anwar Ibrahim on January 30 witnessed the signing of three bilateral cooperation agreements on the digital economy, green economy, personal data protection, and cyber security.
Malaysian Prime Minister Anwar Ibrahim (left, back row) 🐎 and Prime Minister Lee Hsien Loong witness the signing of agreements between Malaysia’s Minister of International Trade and Industry Tengku Zafrul Aziz and Minister for Trade and Industry Gan Kim Yong at the Istana on January 30, 2023. (Photo: TODAY/Raj Nadarajan)
Hanoi (VNA)෴ – Singaporean Prime Minister Lee Hsien Loong and his Malaysiancounterpart Anwar Ibrahim on January 30 witnessed the signing of threebilateral cooperation agreements on the digital economy, green economy,personal data protection, and cyber security.
Anwar has been in Singapore for his first official visit to the country since he took office as Malaysia's10th prime minister on November 24, 2022.
𒐪 Malaysia’sMinistry of International Trade and Industry and Singapore’s Ministry of Tradeand Industry signed two agreements on the digital economy and greeneconomy.
Thegreen economy framework agreement is Malaysia’s first green economy agreementsigned with any country. Theagreement is expected to tighten the two countries’ cooperation indecarbonisation and support enterprises and workers in taking advantage ofopportunities that the green economy can bring. Thetwo countries will work together on the setting of standards and the deployment of charging points for electric vehicles. Theywill exchange information on low-carbon solutions, including on technical andregulatory issues, and explore joint studies and demonstration projects,particularly in hydrogen and carbon capture, utilisation, and storage. Withinthe framework of digital economic cooperation, the two countries willstrengthen cooperation within the framework of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) and the RegionalComprehensive Economic Partnership (RCEP) as well as under the terms of the twoagreements. Theagreement is also expected to promote the expansion of digital economiccooperation in ASEAN in areas including trade facilitation, cross-border dataflows, electronic payments, digital identity, and supports for the digitisationof industries and small businesses to enhance their competitiveness. Meanwhile,Singapore’s Ministry of Communications and Information (MCI) and Malaysia’sMinistry of Communications and Digital signed a memorandum of understanding(MOU) that will enable them to cooperate on issues such as personal dataprotection as well as cybersecurity. TheMOU is expected to help authorities of the two countries to exchangeinformation, expertise, and solutions in data protection policies, cross-borderdata flows as well as address common cybersecurity threats and emergingtechnologies like artificial intelligence and distributed ledger technology./.
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Malaysian Prime Minister Anwar Ibrahim (left, back row)
