Much potential for increased Asia-Africa economic cooperation: Grace Fu | Singapore Informer

SINGAPORE: There is much potential for increased inter-regional economic cooperation between Asia and Africa, said Second Minister for Foreign Affairs Grace Fu.

Speaking in Parliament on Tuesday (Jul 14), she noted that in East Asia and ASEAN, there needs to be improved understanding of Africa’s diversity and potential.

In Singapore, engagement efforts with more African countries have been stepped up through bilateral forums and trade missions. For example, in the past four years, the Singapore Business Federation has organised 13 trade missions to Africa.

In addition, she said steps are being taken to conclude bilateral treaties and avoid double taxation agreements with more African countries.

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