“Ongoing geopolitical tensions increase the risk of global food supply disruptions,” said Ms Fu, who is also Minister-in-charge of Trade Relations.
The signing of this agreement “is win-win and reaffirms the close cooperation between both countries in strengthening bilateral food trade and security”, she added.
“Such agreements are key initiatives under the global partnerships pillar of the Singapore Food Story 2 to keep food supply flowing during disruptions,” said MSE.
“Singapore will continue to explore mutually beneficial agreements with like-minded economies to strengthen our food supply resilience.”
Singapore’s updated “Food Story 2” approach is built on four pillars: grow local, diversify imports, stockpile and build global partnerships. The agreements with Thailand, Vietnam and now Cambodia come under global partnerships, helping Singapore respond more effectively to an increasingly interconnected agri-food trade landscape.