In a statement, the Ministry of Foreign Affairs (MFA) said the presidents reaffirmed the excellent and longstanding relations between Singapore and Germany, which span diverse sectors, as well as the countries’ cooperation at multilateral fora.
“Against a backdrop of unprecedented global challenges, it is important to work with partners to support multilateralism and a rules-based international order,” said the ministry.
On Wednesday, Dr Steinmeier also attended a round-table discussion with business representatives organised by the Singapore-German Chamber of Industry and Commerce, together with Minister for Transport and Minister-in-charge of Trade Relations S. Iswaran.
They discussed ways to increase business and economic ties between Singapore and Germany, particularly in areas of mutual interest such as the digital and green economies, as well as advanced manufacturing, said MFA.
During the event, Dr Steinmeier said Germany needs international partners like Singapore that are willing to join forces to transform their economies towards a sustainable future.
He said it is for a reason that Singapore ranks among the top when it comes to the ease of doing business, and many German enterprises have chosen Singapore as a hub for the region.
“All this is grounded on trust and reliability, underlined by the fact that the trade agreement for Singapore was the first that the European Union (EU) signed with a country in South-east Asia,” Dr Steinmeier said.
Mr Iswaran noted that Germany remains one of Singapore’s largest trade and investment partners in the EU. There are over 2,000 German companies in Singapore, which continues to welcome them to use the Republic as a launchpad to access opportunities in the region.
“Looking ahead, there are numerous areas of mutual interest that Singapore and Germany can prioritise our cooperation in,” the minister added.