February 24, 2024

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New Zealand – Singapore Enhanced Partnership strengthens ties

New Zealand Prime Minister Jacinda Ardern had launched an even closer relationship between Singapore and New Zealand.

According to a recent press release, this agreement will see trade, defence, cybersecurity, education, and arts and culture ties strengthened.

Not only that, but this will also create an improved working holiday scheme for young New Zealanders.

The Enhanced Partnership

The New Zealand-Singapore Enhanced Partnership, signed in Singapore on 17 May 2019 by both New Zealand Prime Minister Ardern and Singapore Prime Minister Lee, will bring benefits for the citizens of both countries.

Moreover, this will bring a substantive lift to the relationship.

The Enhanced Partnership between the two countries includes key features. These are:

  1. An upgrade of the Free Trade Agreement, which smooths the way for New Zealand companies to capitalise on opportunities in Singapore
  2. A new Science, Technology and Innovation Arrangement funding for joint research totalling NZ$57 million
  3. Enhanced defence cooperation and a new Cyber Security Arrangement
  4. An improved Working Holiday Scheme
  5. A suite of Arts and Culture agreements

New Zealand’s Prime Minister highlighted that the key plank of the Government’s economic plan is to make it easier for New Zealand businesses to export. The Enhanced Partnership with Singapore delivers on that objective.

Improved business relations

Furthermore, the Enhanced Partnership makes it easier to do business with Singapore directly. This is good news as Singapore also acts as the gateway for New Zealand’s goods and services to access the growing Asian market.

Singapore is the country’s closest and most significant partner in Southeast Asia and seventh largest trading partner globally.

This agreement extends the breadth of the existing relationship and strengthens the ties between the people.

Boosting collaborations

Additionally, the Enhanced Partnership will lead to new research collaboration, greater defence cooperation, which includes working together on the increasingly important area of cybersecurity.

As reported, a new Cyber Security Arrangement will support greater exchange of information between New Zealand and Singapore on cyber threats, including through an annual cyber security dialogue.

In addition, a joint work programme is being negotiated under the Arrangement, which includes an advanced data science research platform to build New Zealand’s data science capability and capacity.

Natural partners

The countries’ common interests as small advanced economies mean that Singapore is a valuable and natural partner for New Zealand.

Singapore also shares the country’s ambition to protect and advance an open and inclusive international rules-based order.

This announcement marks a significant step up in the relationship and will result in a deeper and more modern partnership, boosting New Zealand’s prosperity to the benefit of all New Zealanders.

New agreements covering arts and culture, education, public service exchanges and an improved working holiday scheme will mean that ties between the people will be strengthened too.

It provides a foundation from which the cooperation can be deepened even further in the future.

The press release shared significant highlights on the relationship between Singapore and New Zealand. These are:

  1. Trade growth of 9% (2017-2018)
  2. Total trade of NZ$ 5.2 billion worth of goods and services in 2018.
  3. 5th largest foreign investor, NZ$4.32b
  4. 8th largest source of tourists, with 61,000 visitors a year

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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