Hollande: Europe can beat protectionism by working with Asia

Cheryl Sanders
March 28, 2017

French president Francois Hollande, who is on a one-day state visit, witnessed six business-to-business Memorandum of Understanding today.

French President Francois Hollande delivers his speech entitled: "France and Singapore, Strategic Partners in A Fast Changing World" as his security detail stands beside him in silhouette during the 40th Singapore Lecture organized by the Institute of South East Asian Studies (ISEAS) Monday, March 27, 2017, in Singapore. "France is such a friend of Singapore".

But he added that both France and Singapore recognise this problem, and that cooperation between the two countries can enhance their national strategies to grow innovation in all its dimensions.

Tenaga Nasional Bhd and French power company EDF, which enjoy a strong link for several years, also signed another agreement to further their collaboration for two years.

The strategic partnership between Indonesia and France began in July 2011.

These include an agreement between Autorité de Contrôle Prudentiel et de Résolution and Monetary Authority of Singapore (MAS) to facilitate the development of new technologies in financial services in the two countries as well as various agreements by research and academic institutions of both, France and Singapore.

On Monday he will open a forum grouping 170 French start-ups with a presence in Singapore and make a speech on the regional and global situation to the prestigious Singapore Conference.

Earlier in the day, the French leader was accorded an official welcome ceremony at the Istana, followed by a courtesy call on his Singaporean counterpart.

"They welcomed the strengthening of ties in these areas, and the expansion on cooperation in areas such as innovation".

He will also visit the Singapore Botanic Gardens where an orchid will be named in his honour.

In 2015, French foreign direct investment in Singapore was about 14.8 billion Singapore dollars ($10.6 billion).

Other reports by iNewsToday