13 september 2011

The Russia-Singapore High Level Intergovernmental Commission held its second meeting in Moscow, with the Russian delegation led by Deputy Prime Minister and Chief of the Government Staff Vyacheslav Volodin and the Singaporean delegation – by Deputy Prime Minister, Minister of Finance and Minister of Manpower of Singapore Tharman Shanmugaratnam


Officials at the meeting discussed cooperation in trade, the economy and innovation and intensifying ties in investment, information technology, culture and tourism. Special attention was given to expanding interaction in science, technology and education. The two delegations agreed on new areas of bilateral cooperation, especially in modernisation. Support was confirmed for business-oriented projects, especially the establishment and management of special economic zones in Russia, agro-industrial clusters and healthcare.

Following the meeting, the Russian Ministry of Economic Development and the Singaporean Ministry of Industry and Trade signed a memorandum of cooperation in economic modernisation. In addition, a joint statement on the second meeting of the Russia-Singapore High Level Intergovernmental Commission was signed. The commission's next meeting is scheduled to take place in Singapore in 2012.