Singapore, US expand bilateral economic cooperation to include AI governance

Singapore, US expand bilateral economic cooperation to include AI governance

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Singapore and the US person agreed to grow their economical practice to see artificial quality (AI) governance and cybersecurity initiatives involving different Asean markets. The 2 nations besides volition collaborate connected sustainable infrastructure projects. 

The announcements travel connected the sidelines of Singapore Prime Minister Lee Hsien Loong's sojourn to the United States this week, wherever helium met with US President Joe Biden.  

Both countries signed caller Memorandums of Understanding (MOUs) to grow bilateral practice outlined successful the Singapore-US Partnership for Growth and Innovation, which was archetypal signed past October. The concern statement aimed to found "inclusive growth" for some economies and regions, according to Singapore's Ministry of Trade and Industry (MTI).

It encompasses collaborative efforts successful integer system and astute cities, vigor and biology technologies, precocious manufacturing and proviso concatenation resilience, arsenic good arsenic healthcare. Under the agreement, some nations purpose to make communal method standards and physique much "trustworthy and interoperable" systems.

This week's MOUs looked astatine caller areas of cooperation, the Singapore ministry said. First, Singapore's Infocomm Media Development Authority (IMDA) and the US Department of Commerce (DOC) would jointly make interoperable AI governance frameworks and thrust the adoption of ethical AI. The 2 authorities agencies would co-organise mapping exercises, workshops, and assorted events with information from some Singapore and US organisations. 

DOC and MTI besides would collaborate connected cybersecurity champion practices, including regional capableness gathering efforts connected astute nations via the Asean-Singapore Cybersecurity Centre of Excellence

In addition, MTI, Enterprise Singapore, and Singapore's Economic Development Board would enactment DOC's precocious manufacturing commercialized ngo efforts successful Singapore arsenic good arsenic different Asian markets, specified arsenic Indonesia. These US-led commercialized missions aimed to beforehand standards to boost manufacturing resiliency and facilitate caller partnerships betwixt Singapore and US backstage sectors. 

Minister for Communications and Information and Second Minister for Home Affairs Josephine Teo said: "The integer pillar of the [Singapore-US Partnership for Growth and Innovation] reflects however the bilateral relations betwixt our countries are advancing successful emerging areas of cooperation. This volition alteration inclusive information by our companies and radical successful the increasing integer economies successful our countries and regionally. One applicable illustration of our integer practice is connected aligning our respective AI governance frameworks. Companies tin expect to deploy AI crossed borders with greater ease, to prehend innovation opportunities portion managing the risks."

Since it was inked past October, the bilateral economical statement had established assorted plans that included determination improvement of integer commercialized standards and information successful the Asia-Pacific Economic Cooperation Cross-Border Privacy Rules System, which aimed to facilitate planetary interoperability betwixt antithetic information privateness regimes.

Both nations earlier this week besides renewed and expanded their collaboration connected infrastructure development, which present would see greenish and sustainable infrastructure projects successful the region. The concern besides would research caller approaches to "mobilise" information wrong the backstage sector, specified arsenic via a cleanable vigor roundtable involving businesses from Singapore, the US, and Asia. 

Singapore and US besides agreed to deepen their collaboration successful caller areas that included renewable vigor arsenic good arsenic c capture, utilisation, and retention (CCUS). 


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