Maldives signs MOU with Singapore Cooperation Enterprise

The Maldivian Government yesterday has signed a Memorandum of Understanding with the Singapore Cooperation Enterprise to collaborate in the field of trade facilitation and promotion in the Maldives.

In the ceremony which took place yesterday morning at the Singapore Cooperation Enterprise, High Commissioner of Republic of Maldives to Singapore, Mohamed Khaleel signed on behalf of the Government of Maldives and Mr. Alphonsus Chia, the Chief Executive Office of the Singapore Cooperation Enterprises signed on behalf of the Agency.

According to the MOU, the areas of collaboration include capacity building of Ministry of Economic Development through sharing of Singapore’s lessons and experiences on the strategic planning aspects for economic growth and attracting foreign direct investment. It also allows cooperation between the two parties to provide customized sustainable capacity building programs aimed at international best practices in trade facilitation.

The MOU also covers, capacity building of Ministry of Finance and Treasury through sharing of information on the Singapore’s GST Model and through customized programs to train a core team of middle management staff to implement and supervise tax collection in all provinces.

Singapore Corporation Enterprises is an Agency formed by the Ministry of Foreign Affairs of Singapore and Ministry of Trade and Industry of Singapore to share Singapore’s expertise in public sector development with foreign governments.