Singapore to sign ‘green economy agreement’ with Australia during annual leaders’ talks

The Prime Minister of Singapore will fly to Australia next month for talks with Anthony Albanese, where the pair are expected to sign a new “Green Economy Agreement”.

Lee Hsien Loong will travel to Sydney and Canberra for the annual leaders’ talks amid rising regional tensions between the US and China over Taiwan.

At their first face-to-face meeting since Anthony Albanese’s election victory, the prime ministers are expected to sign a new “Green Economy Agreement” to optimize climate-friendly financing and technology development.

The pending deal aims to facilitate future renewable energy and hydrogen deals between Australian and Singaporean companies.

Regarded as a senior ASEAN leader, Mr. Lee has consistently advocated for the West and China to find common ground rather than escalating tensions.

In Singapore last year, Mr Lee told former Prime Minister Scott Morrison that Australia should focus on areas of common interest with China, rather than ideological differences.

Prime Minister Scott Morrison sits down with Singapore Prime Minister Lee Hsien Loong
Former Prime Minister Scott Morrison met with Lee Hsien Loong in Singapore last June.(Reuters: Ministry of Communications and Information/Handout)

“You don’t have to become like them, nor can you hope that they will become like you,” Singapore’s prime minister said after their meeting.

The ABC understands Mr Lee’s October 16-18 visit will also include a visit to the Australian War Memorial as well as a meeting with New South Wales Prime Minister Dominic Perrottet.

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