Strong business links a boon for S'pore, Lithuania: Tan See Leng

Digital economy, advanced manufacturing and tech are more growth areas, he says

- Ovais Subhani

Digital economy, advanced manufacturing and technology are some of the areas businesses in Singapore and Lithuania can come together to further boost their growing trade and investment ties, said Minister for Manpower and Second Minister for Trade and Industry Tan See Leng Speaking at the Lithuania-Singapore Business Forum on May 31, Dr Tan said the two countries share values of resilience, creativity and the pursuit of open and rulesbased trade, and their economic ties are underpinned by the EUSingapore Free Trade Agreement.

Since the agreement came into force in 2019, bilateral services trade between the two countries has increased by nearly two-thirds to almost US$150 million (S$202 million) in 2022.

"The strong growth in our trade and investment linkages underscore the significant commercial opportunities within our markets and regions," he said.