Enterprise Singapore and the Japan External Trade Organisation (JETRO) have renewed their Memorandum of Cooperation (MoC) for another three years, marking a significant step in deepening economic ties between Singapore and Japan. The signing took place at the JETRO Singapore 70th Anniversary Business Forum, with key figures such as Lee Chuan Teck, Chairman of Enterprise Singapore, and Ishiguro Norihiko, Chairman and CEO of JETRO, in attendance.
The renewed MoC introduces three key expansions: a sharper focus on digital and tech, and green transition and energy sectors; the addition of life sciences and healthcare as a priority sector; and broader support for high-growth SMEs and large corporates with strong technology and innovation capabilities. This expansion aims to foster collaboration in areas like AI, semiconductors, clean energy, digital health, and biotech.
Lee Chuan Teck highlighted the enduring economic partnership between the two nations, stating, “The renewal of our MoC today underscores both the strength of our ties and our shared ambition to foster stronger collaborations.” Susumu Kataoka, President of JETRO, echoed this sentiment, emphasising the long-standing partnership and shared ambition for future growth.
Japan remains a crucial economic partner for Singapore, ranking among the top 10 in trade and investment. In 2025, bilateral merchandise trade exceeded S$56b, and Japan was Singapore’s third-largest source of foreign direct investment. The renewed partnership is expected to further enhance economic cooperation and drive long-term competitiveness.
