Singapore, Australia sign trailblazing Green Economy Agreement

Australian Prime Minister Anthony Albanese (left) welcomes Prime Minister Lee Hsien Loong to the Parliament House in Canberra on Oct 18, 2022. - ST

CANBERRA (The Straits Times/Asia News Network): Singapore and Australia are set to intensify cooperation in the green economy, targeting new areas such as sustainable agriculture and green shipping corridors, with the signing of a trailblazing agreement on Tuesday (Oct 18).

Under the Singapore-Australia Green Economy Agreement, both countries will embark on 17 joint initiatives for a start, such as developing a list of environmental goods and services with an eye to reduce tariff and non-tariff barriers. It will reduce hurdles to cross-border trade in clean energy, for instance.