President Barrack Obama via the US White House has released a joint statement with the Prime Minister of the Republic of Singapore, Lee Hsien Loong, outlining, amongst other major areas of cooperation, how they intend to strengthen their trading and maritime relationship with the development of smart cities.
A statement read: “The US-Singapore economic and commercial relationship provides a model to the world for how open markets and fair trade practices increase prosperity and drive innovation.
“Our shared economic priorities embrace trade liberalisation, market reform, trade security, capacity building, innovation, entrepreneurship, climate change mitigation, clean energy, intellectual property protection, fair labor practices, and cyber security.”