Renewed EnterpriseSG-JETRO pact expands into AI, biotech, and energy

SMEs and corporates gain access via business matching and ecosystem linkages.

Enterprise Singapore (EnterpriseSG) and the Japan External Trade Organization (JETRO) have extended their partnership for three more years, broadening cooperation to cover additional sectors and support a wider range of businesses.

The renewed memorandum of cooperation expanded to areas including artificial intelligence, semiconductors and quantum computing, alongside clean energy technologies such as offshore wind and hydrogen.

With the addition of a new life sciences and healthcare pillar, both organisations will cover digital health, precision medicine, and biotechnology.

It also extends support beyond startups to include high-growth small and medium-sized enterprises (SMEs) and larger companies with technology and innovation capabilities.

“This renewed partnership will continue to be implemented across a range of channels and platforms, such as business matching, ecosystem linkages, and continued knowledge-exchange activities,” they said in a joint statement.

The renewal was signed on 2 July at the JETRO Singapore 70th Anniversary Business Forum, coinciding with the 60th anniversary of diplomatic relations between the two economies.

This follows the Singapore–Japan Strategic Partnership announced by Singapore Prime Minister Lawrence Wong and Japanese Prime Minister Sanae Takaichi in March 2026.

"The renewal of our MoC today underscores both the strength of our ties and our shared ambition to foster stronger collaborations between our companies and the wider ecosystem to address the new challenges in an increasingly complex global environment," said Lee Chuan Teck, Chairman of EnterpriseSG.

Susumu Kataoka, President of JETRO, said the renewed agreement builds on the existing partnership between the two countries and will support the international expansion of businesses and cross-border collaboration across ASEAN and other markets.

Japan remains one of Singapore's 10 largest trading and investment partners.

Bilateral merchandise trade exceeded $56b in 2025, whilst Japan ranked as Singapore's third-largest source of foreign direct investment.

In 2024, Japan was Singapore's second-largest services export destination after the US, with bilateral services trade exceeding $67b.

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