Insider Brief
- Singapore and Luxembourg plan to deepen cooperation in quantum computing, artificial intelligence, space technology, and satellite communications.
- Both countries are major financial hubs with strong investment ties, despite having limited domestic markets.
- Leaders discussed enhancing ASEAN-EU relations and supporting international stability, trade, and the rule of law.
Singapore and Luxembourg are seeking closer economic and strategic ties, particularly in emerging technologies like quantum computing, AI, and satellite communications. This was highlighted by Singapore Prime Minister Lawrence Wong during an official lunch for Luxembourg Prime Minister Luc Frieden on September 7.
Frieden’s visit, his first since taking office, coincides with Luxembourg opening its resident embassy in Singapore, amplifying their commitment to engage more with Southeast Asia. Wong described Luxembourg as a strong partner, noting the extensive commercial ties, with Luxembourg being the largest EU investor in Singapore and vice versa.
Though no specific projects were announced, the focus on critical tech areas reflects both commercial and national security interests. Quantum computing and AI are pivotal for various sectors, including finance, while satellites play vital roles in communication and navigation.
Shared Ambitions
Wong characterized Luxembourg as a “kindred spirit,” emphasizing that both nations, despite being small with limited resources, have turned their size into an advantage by fostering openness and international connections.
Both countries have positioned themselves as gateways for businesses, with Singapore acting as a financial hub in Southeast Asia and Luxembourg as a similar center in Europe, which has facilitated their growth despite demographic limitations.
Regional Connections
Wong expressed that Singapore and Luxembourg share a commitment to an open international system that encourages trade and adheres to international laws, crucial for smaller nations reliant on cross-border commerce.
Luxembourg’s advocacy for European integration aligns with Singapore’s efforts to bolster ASEAN ties, with both nations looking to enhance connections between these regions. This visit marked the 50th anniversary of diplomatic relations between Singapore and Luxembourg.
Frieden’s itinerary included meetings with Singaporean leadership to discuss collaborative efforts in promoting stability and the rule of law amid global uncertainty, culminating in a lecture on Europe’s role in a changing world.
