Government's Contributions to Pax Silica Initiative

50 Mr Chua Kheng Wee Louis asked the Minister for Digital Development and Information (a) what are the nature of the Government's contributions to the Pax Silica initiative, if any; (b) which Singapore companies are involved, if any; and (c) what are the Key Performance Indicators and key objectives relating to the initiative, if any.

Mrs Josephine Teo: Singapore's participation in the Pax Silica Summit is in line with our approach of pursuing cooperation with international partners on the basis of mutual benefit.

The inaugural Summit included government representatives from Australia, Israel, Japan, the Netherlands, South Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States. Permanent Secretary (Development) of the Ministry of Digital Development and Information, Mr Chng Kai Fong, was Singapore's representative. The Summit discussed collaboration in key sectors of the emerging digital economy, including potential new opportunities for leading companies and investors across our economies. These include sectors such as advanced manufacturing and AI infrastructure, which are key industries for Singapore and our companies.

The Summit issued a non-binding Pax Silica Declaration that reflects a shared commitment to advance prosperity, tech progress and economic security for our peoples.