With the signing of the Air Services Agreement and the Subscription of the Memorandum of Understanding of Political Consultations, the official visit of the Vice President and Minister of Foreign Affairs, Isabel de Saint Malo de Alvarado, in Singapore, ends.
These agreements contribute to the strengthening of bilateral and commercial relations between both countries, and lay the foundations to advance in sectors of common interest, such as air and logistics and port services.
In that sense, the head of Panamanian diplomacy shared with the Minister of Infrastructure and Transport, Khan Boom Wan, the vision of establishing an air route between Panama and Singapore, potentially connected to European routes, through the airline Singapore Airlines, to facilitate connectivity between both centers of financial, logistics and tourism activity. Taking into consideration the air hub of the Republic of Panama, this alliance increases the important routes of connection of the country.
Taking advantage of her visit to the Asian country, the Panamanian Vice President exchanged good practices and experiences with the Deputy Minister of Finance, Lawrence Wong, with whom she talked about the draft law, which is currently being discussed in the National Assembly of Deputies, on financial services, which promotes “FinTechs” in Panama. Minister Wong said that if this law were passed, Panama would be taking a big step in promoting financial innovation, which, in the case of Singapore, has generated jobs, companies and other opportunities.
The Minister of Foreign Affairs of Singapore, Dr. Vivian Balakrishnan, received the Vice President and Chancellor, Isabel de Saint Malo de Alvarado and the delegation that accompanies her, at the Chancellery headquarters to hold a meeting on the bilateral agenda. In the framework of said meeting, the Vice President and Minister of Foreign Affairs shared with the Singaporean counterpart the opening date of the Regional Logistics Center for Humanitarian Assistance (CLRAH), on which the Chancellor informed that ASEAN has an Emergency Response System , with which both centers could work hand in hand in the humanitarian field.
Panama expressed the interest of signing a Friendship Agreement with the ASEAN Political Mechanism, based on the policy promoted by the Government of Panama to strengthen the friendship ties with Asian countries and taking into account that Singapore holds the Presidency of this forum political and cooperation, confirmed by 10 member states. The Minister of Foreign Affairs of Singapore looks with good eyes on this interest of Panama to approach the Asian group and thus share experiences and actions, in areas that aim to guarantee integral development in their countries.
In the framework of the visit to Singapore, the Vice President and Chancellor, Isabel de Saint Malo de Alvarado, accompanied by the Ambassador of Panama in Singapore, Alfredo A. Spiegel, toured the facilities of the third campus of the Technical Institute of Education of Singapore , campus that hosts four faculties specializing in vocational education, a model on which the Specialized Technical Institute of Panama was based, which will ensure skilled labor that meets the demand of the private sector, through its three schools, 58 laboratories and 96 workshops in an infrastructure that will have capacity for 5 thousand students in its initial stage.
After finishing her work schedule in Singapore, the Vice President and Chancellor, Isabel de Saint Malo de Alvarado, will travel tomorrow to Jakarta, Indonesia as part of her tour in Southeast Asia.