Latin American Chamber of Commerce, Singapore, and Asociación Federación De Cámaras Del Caribe Y Afines (FEDECARIBE), forge stronger ties with the signing of a memorandum of understanding.
Date: June 3rd, 2020
Latin American Chamber of Commerce, Singapore, and Asociación Federación De Cámaras Del Caribe Y Afines (FEDECARIBE), forge stronger ties with the signing of a memorandum of understanding.
SINGAPORE — The Latin American Chamber of Commerce Singapore (LatAmCham) and Asociación Federación De Cámaras Del Caribe Y Afines (FEDECARIBE) have formalized their commitment to enhance bilateral cooperation through the signing of a Memorandum of Understanding (MOU). The signing ceremony took place on June 3rd, 2020, 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 FEDECARIBE, represented by Randy Gordon Cruickshank, President of FEDECARIBE, gathered at the signing ceremony to solidify the partnership.
The MOU signifies a commitment to strengthen economic and trade relations between Singapore and Costa Rica, with a particular focus on fostering cooperation across industries. Key components of the agreement include:
Market Access and Trade Facilitation: LatAmCham and FEDECARIBE will collaborate to identify and explore avenues for expanding market access for Caribbean 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 FEDECARIBE will explore collaborative efforts in research and development to enhance the quality and competitiveness of Caribbean companies 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 FEDECARIBE represents a significant step forward in fostering economic ties and promoting collaboration between Singapore and the Caribbean Countries. 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.