BANDAR SERI BEGAWAN, Oct. 3 (Xinhua) -- Brunei and Singapore have announced the establishment of a bilateral "Co-Working Group in Agrifood" on Wednesday, with a goal to facilitate collaboration between private sector agribusiness-based firms in the two countries.
The co-working group was co-announced by Brunei's Crown Prince and Senior Minister at the Prime Minister's Office Haji Al-Muhtadee Billah and Singapore's Senior Minister and Coordinating Minister for National Security Teo Chee Hean during the 7th Brunei-Singapore Young Leaders' Programme meeting in Brunei.
In a joint statement between Brunei's Ministry of Primary Resources and Tourism and Singapore's Ministry of Trade and Industry, Teo Chee Hean stated that the co-working group is an important agreement in the special relationship between the two countries.
He explained that the co-working group will work towards facilitating collaboration between the two countries in the field of agrifood to attract investment and create employment, especially in aquaculture.
The Brunei's Crown Prince stated his optimism in the works that will be carried out by the co-working group, which he believed will strengthen friendship and cooperation, which in its initial stage will be focused on cooperation in the field of aquaculture.
The joint statement stated that Brunei and Singapore complement each other with the sultanate provides plentiful land and natural resources, while Singapore possesses a good ecosystem in research, high-technology agricultural businesses and a strong logistic sector.
The joint statement also stated that the co-working group will also facilitate cooperation between the private and public sectors in the two countries, such as in the investment facilitation, research and development cooperation, quality guarantees and capacity building.