Singapore and Brunei tie up for agrifood sector collaborations

The two nations will firstly invest in aquaculture activities and job creation.

Singapore and Brunei Darussalam are tying up to collaborate on the agrifood sector, following a fintech collaboration deal made in 2018, an announcement revealed.

A Singapore-Brunei joint working group will be put in place to facilitate private sector activities, eyeing investments and jobs creation in the area of aquaculture.

Singapore has recently opened a new Aquaculture Innovation Centre in June, whilst Bruneian fishery company, Barramundi Asia, which is based in Singapore previously announced a $300m investment into the sector.

Permanent secretaries from both countries will co-head the working group looking into areas of Research and Development, quality assurance and capacity building.