Singapore and Luxembourg are set to deepen their collaboration in cutting-edge fields such as quantum computing, artificial intelligence, and space and satellite communications, as both nations aim to bolster their enduring partnership. Singapore’s Prime Minister Lawrence Wong emphasized the common challenges faced by the two small states, noting their limited domestic markets and scarce natural resources. He pointed out that both countries have leveraged their openness and global connections to evolve into significant financial and business hubs that cater to broader regional markets.
Highlighting the robust economic ties between the two nations, Wong noted that Luxembourg stands as the largest European Union investor in Singapore, while Singapore ranks as Luxembourg’s second-largest investment destination within the EU. The two countries are also focused on enhancing the relationship between ASEAN and the European Union, with both expressing a commitment to regional integration and a shared interest in maintaining an open, rules-based international order.
During an official visit to Singapore from September 6 to 8, Luxembourg’s Prime Minister Luc Frieden engaged in talks with President Tharman Shanmugaratnam. Their discussions encompassed geopolitical developments and strategies for promoting stability, predictability, and adherence to the rule of law between the two countries. This visit coincides with the celebration of 50 years of diplomatic relations between Singapore and Luxembourg.
The establishment of Luxembourg’s first resident embassy in Singapore marks a significant step in its efforts to enhance engagement with Singapore and the broader region. This move is seen as a strong indication of Luxembourg’s dedication to expanding its partnerships. Additionally, Prime Minister Frieden is scheduled to deliver the 48th Singapore Lecture on September 8, where he will discuss Europe’s evolving role and autonomy in the face of a changing global landscape.