Singapore and Luxembourg are set to enhance their collaboration in cutting-edge fields such as quantum computing, artificial intelligence, and space and satellite communications. This move is part of a broader effort to bolster their enduring partnership. Singapore’s Prime Minister Lawrence Wong highlighted the shared challenges faced by both nations, noting their status as small states with limited natural resources and domestic markets. Despite these constraints, they have leveraged openness and global connections to establish themselves as key financial and business centers in their respective regions.
Economic ties between the two countries are notably strong. Luxembourg stands as the largest European Union investor in Singapore, while Singapore ranks as the second-largest investment destination for Luxembourg within the EU. Both countries are also focused on enhancing relations between ASEAN and the European Union, with a mutual commitment to regional integration and maintaining an open, rules-based international system.
Luxembourg’s Prime Minister Luc Frieden, during an official visit to Singapore from September 6 to 8, met with President Tharman Shanmugaratnam. Their discussions revolved around geopolitical developments and strategies to promote stability, predictability, and adherence to the rule of law. This visit marks a significant milestone as Singapore and Luxembourg celebrate 50 years of diplomatic ties, highlighted by Luxembourg’s establishment of its first resident embassy in Singapore, signaling its dedication to deeper engagement with both Singapore and the broader region.
As part of his visit, Prime Minister Frieden is scheduled to deliver the 48th Singapore Lecture on September 8. His address will center on Europe’s role and autonomy amidst a shifting global landscape. This lecture is expected to provide insights into how Europe can navigate and assert its position in the evolving international arena.