The Association of Aerospace Industries (Singapore) and the German Aerospace Industries Association (Bundesverband der Deutschen Luft- und Raumfahrtindustrie e.V. – BDLI) have signed a Memorandum of Understanding (MOU) on 25 April 2018. This was aimed at fostering closer links and exploring opportunities for collaborative activities.
The agreement builds on the strong existing business relationships between German and Singapore industry. According to Singapore government sources, there are some 1,700 German companies operating in Singapore. Germany and Singapore are also each other’s largest trading partner in ASEAN and EU respectively.
The MOU covers the exploration of joint activities in mutually relevant areas including information exchanges and discussion on Industry 4.0 and Additive Manufacturing for the Aerospace industry. The parties also agreed to facilitate member companies of AAIS and BDLI in exploring business opportunities and connections in Germany/Singapore and the surrounding regions.
“One of our core roles is to facilitate business for our members. This includes collaborating with our counterparts in Europe, in this case the BDLI, to provide our members with new channels for market and capability development. I strongly encourage members to leverage these collaborations. At the same time, we welcome more German companies to explore the regional market and find Singapore business partners,” said Mr Sia.