Australia and Singapore have pledged closer coordination on energy security and the flow of essential goods, as global markets face continued disruption linked to the Middle East crisis.
In a joint statement issued on Friday, Anthony Albanese and Lawrence Wong said both countries would work to strengthen economic resilience and safeguard supply chains, while supporting efforts to end the conflict driving instability.
The leaders pointed to the economic fallout of the Middle East crisis, reaffirming their backing for a ceasefire and urging negotiations to bring the conflict to a close. They emphasised the need for coordinated responses to ensure their economies remain “stronger and more resilient into the future”.
The commitment builds on the upgraded Australia–Singapore Comprehensive Strategic Partnership 2.0, which sets out expanded cooperation across economic, security and emerging policy areas. Both sides highlighted the strategic importance of their energy relationship, noting Singapore’s role as a key supplier of refined petroleum to Australia and Australia’s position as a major exporter of liquefied natural gas to Singapore.
Against the backdrop of an “acute energy crisis” affecting global markets, the prime ministers said their governments were determined to meet each other’s energy needs and maintain stable supply. They pledged to support the continued flow of essential goods, including diesel and LNG, through improved coordination, more efficient border and port processes, and greater transparency.
The statement also underscored a shared commitment to a rules-based multilateral trading system, with both countries agreeing to intensify cooperation during periods of global disruption. Ministers have been tasked with finalising a legally binding protocol under the Singapore–Australia Free Trade Agreement focused on economic resilience and essential supplies.
To support these efforts, the two governments announced the creation of an Australia–Singapore Economic Resilience Dialogue, aimed at addressing supply chain challenges and facilitating trade in critical goods. An inaugural Energy Ministerial Dialogue will also be convened to deepen collaboration in the sector.
The leaders called on other trading partners to help keep global energy supply chains open, warning that continued cooperation would be critical to maintaining economic stability and security.
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