Singapore City, Singapore–(Newsfile Corp. – June 14, 2023) – The Ministry of Trade and Commerce together with the Ministry of Agriculture, Livestock, Forestry, Fisheries and Bio – Security signed an MOU with Advanced Engineering Group (AEG) on 31 May 2023 in Port Vila, Vanuatu.

The Minister of Trade and Commerce, Honorable Matai Seremaiah encouraged All Parties to ensure that the MOU is supported and implemented by the Ministries and AEG.

The Honorable Minister stated that, The Government through Vanuatu Trade Commissioner to Singapore, Mr Robin Teo, understood the wealth of knowledge, experience, competence and strength that AEG and her Consortium of Partners can bring to the table. “I trust your expertise in the field of Economic Development Zone and the establishment of the International Fisheries Port will bring much needed revenue to the country for the benefits of our people. Therefore, we have extended the invitation for you to come to Vanuatu and by of way of the MoU, we can work in partnership to leverage and maximize on the untapped potential and resources, and to develop services in Vanuatu that can generate revenue for the Republic of Vanuatu.”

To this end, Mr. Leornard Tan, AEG and the Consortium of Partner Leader responded that this Memorandum of Understanding is comprehensive, covering a broad range of initiatives to support Vanuatu’s efforts to expand its external and internal trade, and to attract investors from Southeast Asia and China. The MoU incorporated Vanuatu’s key priorities (as outlined by the government), while also included a variety of business initiatives that are in line with the spirit of the MoU. These initiatives include green energy, agriculture, water and sanitation, imports (into Vanuatu) and exports (from Vanuatu to Southeast Asia and China).

After the signing of the MoU, Mr. Leonard Tan announced that as a first commitment from AEG Consortium to the Republic of Vanuatu, a formal invitation will be extended to both Ministers to visit China and Singapore later this year. In the mission, AEG Consortium will showcase a suite of successfully completed projects in partnership with other governments. The mission will also serve to enhance mutual commitments to concrete projects.

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Company: Advanced Engineering Group (International) Pte Ltd 
Name: McKinley Toh 
Email: [email protected] 
Website: https://aegintl.weebly.com/ 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169416