Singapore, Germany tie-up to help local and German SMEs transform, deepen business ties

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ENTERPRISE Singapore (ESG) and the Asia-Pacific Committee of German Business (APA) have signed a memorandum of understanding (MOU) to support enterprise development in sectors of common interest for the two countries, the organisations said in a joint media statement on Thursday. Read more at The Business Times.

Said Peter Ong, chairman of Enterprise Singapore and co-chair of GBSF Connect:"In this changing business environment, our enterprises need to connect with one another in more and better ways."

Axel Stepken, chairman of the management board of TUV SUD AG and co-chair of GSBF Connect, said German companies see Singapore as a proven long-term partner they can develop new technologies and innovative business models with, as well as an"experienced bridge builder" into Asean. The number of business missions to Germany led by Enterprise Singapore rose from 13 in 2018 to 22 in 2019. The 2019 missions benefited more than 150 companies across sectors including advanced manufacturing, medical technology and healthcare, future of mobility and e-sports.

 

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