Singapore and Luxembourg are set to deepen their collaboration in cutting-edge fields such as quantum computing, artificial intelligence, and space and satellite communications. This initiative comes as both nations, known for their longstanding partnership, look to bolster ties amid shared challenges as small states with limited domestic markets and natural resources. Singapore’s Prime Minister, Lawrence Wong, emphasized that both countries have leveraged their openness and global networks to establish themselves as significant financial and business centers catering to larger regional markets.
Highlighting the robust economic relationship, Wong noted Luxembourg’s position as the largest European Union investor in Singapore, while Singapore ranks as Luxembourg’s second-largest investment destination within the EU. The two countries are also committed to enhancing the relationship between the Association of Southeast Asian Nations (ASEAN) and the European Union. Both Singapore and Luxembourg advocate for regional integration and are keen on maintaining an open and rules-based international order.
During an official visit to Singapore from September 6 to 8, Luxembourg’s Prime Minister Luc Frieden 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 coincides with the 50th anniversary of diplomatic relations between the two countries, underscoring a half-century of mutual cooperation.
Further signifying its commitment to the region, Luxembourg has opened its first resident embassy in Singapore, a move described as a strong signal of its intent to expand engagement with Singapore and the broader area. As part of his visit, Prime Minister Frieden is scheduled to deliver the 48th Singapore Lecture on September 8, where he will discuss Europe’s role and autonomy in an evolving global context.