Singapore and Luxembourg are enhancing their collaboration in the fields of emerging technologies such as quantum computing, artificial intelligence, as well as space and satellite communications. This development comes as the two nations look to solidify their enduring partnership. Singapore’s Prime Minister, Lawrence Wong, emphasized the shared challenges faced by both countries, noting their status as small states with limited domestic markets and scarce natural resources. He highlighted how both nations have leveraged their openness and global connectivity to become significant financial and business hubs that serve larger regional markets.
Wong pointed out the robust economic connections between the two, with Luxembourg holding the position as the largest European Union investor in Singapore, while Singapore stands as Luxembourg’s second-largest investment destination within the EU. The countries are also committed to reinforcing ties between ASEAN and the European Union. According to Wong, both Singapore and Luxembourg advocate for regional integration and are united in their interest in maintaining an open, rules-based international system.
Luxembourg’s Prime Minister, Luc Frieden, who is visiting Singapore from September 6 to 8, engaged in talks with President Tharman Shanmugaratnam. Their discussions focused on geopolitical developments and explored strategies for promoting stability, predictability, and adherence to the rule of law between the two nations. The visit is particularly significant as it marks the 50th anniversary of diplomatic relations between Singapore and Luxembourg.
The opening of Luxembourg’s first resident embassy in Singapore was highlighted as a strong indication of its commitment to deepening engagement with Singapore and the broader region. During his visit, Prime Minister Frieden is also slated to deliver the 48th Singapore Lecture on September 8, where he will address Europe’s role and autonomy within a shifting global landscape.