Singapore president expects boost in tourism and trade following air services agreement
Singapore president expects boost in tourism and trade following air services agreement
Transcript
00:00Singapore President Tharman Shanmugaratnam expects increased tourism and trade between the Lion City and the Philippines
00:07following the recent liberalization of air services agreement.
00:11He noted the agreement will ease travel and stimulate business and investment.
00:16During his state visit, President Shanmugaratnam met with President Ferdinand R. Marcos Jr.
00:22and witnessed the signing of Memorandum of Understanding on Carbon Credits and Healthcare Recruitment.
00:28Singapore is a major trading partner for the Philippines with significant investments and trade volumes.
00:36The liberalization of the Singapore-Philippines air services agreement announced in May this year
00:42should spur greater tourism but also greater trade and investment
00:47because that's a very important basis for business people including our SMEs
00:52to take an interest in different parts of the Philippines
00:55and find it very convenient to flip between Singapore and the Philippines.