Latin American Chamber of Commerce, Singapore, and MERCOSUR ASEAN Chamber of Commerce, forge stronger ties with the signing of a memorandum of understanding
Date: November 2018
Latin American Chamber of Commerce, Singapore, and MERCOSUR ASEAN Chamber of Commerce, forge stronger ties with the signing of a memorandum of understanding
SINGAPORE — The Latin American Chamber of Commerce Singapore (LatAmCham) and MERCOSUR ASEAN Chamber of Commerce have formalized their commitment to enhance bilateral cooperation through the signing of a Memorandum of Understanding (MOU). The signing ceremony took place on November 2018, in Singapore, marking a pivotal moment in the collaboration between these two influential organizations.
Representatives from LatAmCham, led by Angela Torres H., CEO & Founder of LatAmCham, and MERCOSUR ASEAN Chamber of Commerce, represented by Rodolfo Caffaro, President of MERCOSUR ASEAN Chamber of Commerce, gathered at the signing ceremony to solidify the partnership.
The MOU signifies a commitment to strengthen economic and trade relations between Singapore and Mercosur, with a particular focus on fostering cooperation across industries. Key components of the agreement include:
Market Access and Trade Facilitation: LatAmCham and MERCOSUR ASEAN Chamber of Commerce will collaborate to identify and explore avenues for expanding market access for companies in Singapore and the broader Southeast Asian region. Efforts will be made to streamline trade processes and facilitate the exchange of relevant market information.
Business Networking and Promotion: The agreement emphasizes the importance of creating opportunities for businesses from both regions to connect and collaborate. Joint initiatives such as trade missions, business forums, and promotional events will be organized to facilitate networking and partnership-building.
Research and Development: LatAmCham and MERCOSUR ASEAN Chamber of Commerce will explore collaborative efforts in research and development to enhance the quality and competitiveness of companies from Mercosur in the Singaporean market. This includes knowledge-sharing, technology transfer, and joint projects aimed at improving commercial practices.
The signing of the MOU between LatAmCham and MERCOSUR ASEAN Chamber of Commerce represents a significant step forward in fostering economic ties and promoting collaboration between Singapore and Mercosur. Both organizations are committed to leveraging this partnership to create new opportunities for businesses and contribute to the growth of the fruit industry in the Southeast Asian region.
MACC (Mercosur ASEAN Chamber of Commerce) is an innovative and committed bi-regional chamber of commerce with a passion for detecting, establishing, and helping to complete business among its members.
As an organization, we seek to translate, understand, and decode trade opportunities between the ASEAN and MERCOSUR regions and intervene in their development by offering institutional support.