Arab Today, arab today australia singapore deepen defence and economic ties
Last Updated : GMT 05:34:11
Arab Today, arab today
Arab Today, arab today

Australia, Singapore deepen defence and economic ties

Arab Today, arab today

Arab Today, arab today Australia, Singapore deepen defence and economic ties

Australia and Singapore
Sydney - XINHUA

A deepening Australia-Singapore relationship is not about containing China's rise in Asia but furthering regional economic integration, Australian Prime Minister Malcolm Turnbull said on Friday as the two sides expand defence and economic ties.

The enhanced strategic partnership, agreed to by both nations this week, seeks to upgrade the bilateral relationship to a similar level Australia enjoys with trans-Tasman neighbour New Zealand, Turnbull told reporters in Sydney.

"This is a massive upgrading of our relationship with Singapore."

With 28.5 billion Australian dollars (21.06 billion U.S. dollars) in two-way trade, the Singapore-Australia Free Trade Agreement signed in 2003 will be comprehensively modernised, including measures to facilitate the development of northern Australia and improved market access for Australian Business in Singapore.

Singapore, Australia's fifth largest trading partner, has also removed restrictions to allow easier movement of human capital between the two markets.

Building on the Comprehensive Strategic Partnership signed in 2015, Singapore will also fund a 2.25 billion Australian dollar (1.66 billion U.S. dollar) expansion of military training facilities in northern Australia to more than double the number of troops on rotation from 6, 000 to 14,000. The land poor city-state has long sent troops for training in Australia and around the region.

Turnbull dismissed speculation the deepening defence ties is a move to curb China's rise in Asia as tensions in the South China Sea increase.

"We've had a close strategic relationship with Singapore for many years and this will be seen around the region as a natural development from the strong relationship we have," Turnbull said.

"One of the things that underlines and underpins peace and security in the region is closer and closer economic engagement."

Australia has been pursuing an aggressive trade agenda within the Asian region in a bid to underpin the region's stability, concluding trade treaties with China, Japan and South Korea, while just recently beginning negotiations with India and Indonesia.

Turnbull said furthering regional economic integration means countries become more dependent on each other, and thus provide incentives for "peaceful collaboration and maintenance of the relative stability we've seen for many years."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia singapore deepen defence and economic ties Arab Today, arab today australia singapore deepen defence and economic ties

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia singapore deepen defence and economic ties Arab Today, arab today australia singapore deepen defence and economic ties

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday