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Singapore upgrade ties, promotes trade cooperation with New Zealand

Singaporean Prime Minister Lee Hsien Loong and his New Zealand counterpart, Jacinda Ardern, on May 17 issued a joint statement, agreeing to upgrade their bilateral relations into enhanced partnership.
Singapore upgrade ties, promotes trade cooperation with New Zealand ảnh 1Singaporean Prime Minister Lee Hsien Loong and his New Zealand counterpart, Jacinda Ardern
(Photo: channelnewsasia.com)

Singapore (VNA) – Singaporean Prime Minister Lee Hsien Loong and his New Zealandcounterpart, Jacinda Ardern, on May 17 issued a joint statement, agreeing to upgradetheir bilateral relations into enhanced partnership.

The same day, competent authorities of both sides upgraded a long-standing FreeTrade Agreement - the Agreement between New Zealand and Singapore on a CloserEconomic Partnership (ANZSCEP), which took effect in 2001. Principles in thenew documents will help simplify registration for tax exempt status as well asshorten time for customs clearance procedures, which must be completed within24 hours after arriving in each nation. Meanwhile, it only takes goods sent usingexpress delivery services four hours after local authorities received dossiers.

Jacinda Ardern is on her very first official visit to Singapore in her positionas the Prime Minister of New Zealand. Last year, she came to Singapore toattend various events held in the framework of the 32nd ASEANSummits and related meetings.

During her stay in Singapore this time, she had meetings with SingaporeanPresident Halimah Yacob and Prime Minsiter Lee Hsien Loong. The leaderswitnessed the signing of various documents on enhancing collaboration acrossthe fields of trade, defence-security, innovative technology and people-to-peopleexchanges, among others.-VNA
VNA
#Singaporean Prime Minister Lee Hsien Loong#New Zealand counterpart#Jacinda Ardern#joint statement#upgrade their bilateral relations#enhanced partnership#ANZSCEP#trade#defence-security#innovative technology#Vietnam News Agency#Vietnamplus
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