Business Economy


CII Partnership Summit: Global partnerships, trust & connectivity crucial for boosting trade, investments: Foreign Ministers

Visakhapatnam, Nov 12 (UNI) Ministers from Singapore, the UAE, Canada and Mauritius, along with the Director General of the World Intellectual Property Organisation (WIPO), on Thursday emphasised the need for stronger international partnerships, trust, seamless connectivity and intellectual property protection to promote global trade and investments.
Addressing the Special Ministerial Plenary of the 31st CII Partnership Summit 2026 here, the international leaders highlighted opportunities for cooperation in trade, technology, logistics, food processing and innovation.
Singapore Minister of State for Foreign Affairs and Energy, Trade and Industry Gan Siow Huang said partnerships were essential for countries to navigate global challenges and create new opportunities for trade and investment.

The Comprehensive Strategic Partnership and the Singapore-India Ministerial Roundtable had facilitated high-level interactions and exchange of ideas, resulting in meaningful collaborations, she said.
She expressed Singapore's commitment to supporting Andhra Pradesh's rapid development and strengthening economic cooperation.
UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri said seamless connectivity played a crucial role in strengthening trade, particularly in the transportation of perishable goods between India and the UAE.
He said there was considerable scope for cooperation with Andhra Pradesh in integrated logistics infrastructure, food processing facilities and dedicated food clusters.
Canadian Minister of International Trade Maninder Sidhu said trust was fundamental to building resilient global supply chains.
Certainty, reliability and trust were essential for sustaining international trade and developing strong and long-term economic partnerships, he said.
WIPO Director General Daren Tang said intellectual property, data and technical know-how were becoming increasingly important in global trade, commerce and investment.
With investments focusing more on research and development, technology and digitalisation, intellectual property would play a crucial role in the economic growth of Andhra Pradesh, India and other countries, he said.
Mauritius Minister of Commerce and Consumer Protection John Michaël Tzoun Sao Yeung Sik Yuen said international cooperation could turn common challenges into opportunities by leveraging the collective strengths of partner countries.
Highlighting the longstanding relationship between Mauritius and India, he said the two countries had recently signed a Government-to-Government agreement for the supply of petroleum products to Mauritius.
The leaders called for greater international collaboration to strengthen economic ties, expand trade opportunities and promote sustainable investment flows amid changing global economic conditions.
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