Type of Intervention: Other Announcement
Sectors Involved: Finance/Economy, Supply Chains
Intervention Categories: Finance policy and financial aid; International relations
Level of Jurisdiction: Supranational
Lead People/Agency: Federal Ministry of Economic Affairs and Energy, Germany
Ministry of Trade and Industry, Singapore
Overview: The Governments of Germany and Singapore have introduced measures to support businesses in riding out the COVID-19 crisis. Both countries also reaffirm their continued cooperation in fostering innovation and entrepreneurship, through the partnership under the Global Innovation Alliance. Target audience appear to be governments, as well as economic sector
Full details here: https://www.mti.gov.sg/Newsroom/Press-Releases/2020/05/Germany-and-Singapore-reaffirm-collaboration-on-startups-amid-COVID-19
Type of Justification: International cooperation in challenging times
Evidence/Justification: That mutual cooperation in trade is especially important, given the physical closures that are currently in place.