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In Singapore, Linkevičius discusses new opportunities for Lithuania in life sciences, photonics, financial technologies, transport and ICT
On 15-16th November, numerous Lithuanian delegation of Vilnius Gediminas Technical University, Kaunas Technological University, Agency for Science, Innovation and Technology (MITA), “Invest Lithuania”, and Lithuanian Laser Association representatives, headed by the Minister of Foreign Affairs of Lithuania Linas Linkevičius, visited Singapore. The purpose of the visit – to expand bilateral cooperation in science and innovation, engineering, transport and logistics, financial technologies (Fintech), information and communication technologies (ICT), other fields.
On 15th November the delegation met with representatives of the National University of Singapore and Nanyang Technology University, which score particularly highly in world rankings, as well as with representatives from Singapore’s lead Agency for Science, Technology and Research (A*STAR). The meetings focused on possible areas for cooperation in life sciences, photonics, financial technologies, engineering, smart cities technologies, and cybersecurity. The officials agreed to promote dialogue on joint academic programs and academic exchanges, and discussed the opportunity for Lithuanian startups to participate in startup accelerator programs in Singapore.
The same day Lithuanian Foreign Minister also visited the Singapore Fintech Festival, which is one of the most important Fintech conferences in Asia, and greeted representatives of Asia’s Fintech community, who attended an event representing Lithuania ‘Destination EU 2018: The Fastest Pan-European License for Your Fintech’. The participants had the opportunity to get acquainted with Lithuania’s advantages in the field of financial technologies.
“Though far away geographically, Lithuania and Singapore are both open for innovation and share similar goals to become financial technology industry hubs in their regions,” said Lithuania’s Foreign Minister.
On 16 November, Minister Linkevičius and his delegation met with Singapore’s Foreign Minister Vivian Balakrishnan and the Senior Minister of State at the Ministry of Defense and the Ministry of Foreign Affairs Osman Maliki to discuss topical issues of the regional and global political agenda and cooperation in multilateral formats. Lithuanian Foreign Minister emphasized the importance of expanding political dialogue, intensifying relations in the fields of science and innovation, and invited Foreign Minister Balakrishnan to visit Lithuania. Linkevičius also called for the appointment of Singapore’s Honorary Consul in Lithuania.
In the meeting with Singapore’s Minister of Commerce and Industry Lim Hng Kiang, the officials noted that the economic perspective of both countries was closely linked to their achievements in the field of innovative technologies. Financial technologies, lasers, and life sciences were named as the main potential spheres for bilateral economic cooperation.
“Close ties among institutions of the two countries that ensure financial supervision are very important when developing the bilateral cooperation in the field of financial technologies,” said Linkevičius.
The Ministers also discussed topical items on the international trade agenda, underlined the importance of concluding the EU-Singapore Free Trade Agreement and its swift entry into force.
Linkevičius also held a meeting with the Vice President of the Port Authority of Singapore Christopher Chan and discussed the opportunity for cooperation with the Port of Klaipėda.