Brunei has signed on to three agreements that marked ‘a major milestone’ for advancing economic relations in the Indo-Pacific region, according to a statement from the Ministry of Economy and Finance (MoFE) yesterday.
Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah and counterparts from the region signed the Indo-Pacific Economic Framework (IPEF) Agreement Relating to a Clean Economy (Pillar III), the IPEF Agreement Relating to a Fair Economy (Pillar IV) and the overarching Agreement on IPEF to formalise the IPEF Agreements during a meeting in Singapore.
Through these agreements, IPEF partners are dedicated to demonstrating commitments in building resilient supply chains; accelerate transitions to clean economies to achieve netzero emissions; and fair economy by providing predictable and transparent business environment in the region, said the ministry.
The two-day IPEF Ministerial Meeting and the Inaugural Clean Economy Investor Forum in Singapore ended yesterday.
Dato Seri Setia Dr Haji Mohd Amin Liew was one of the panellists for the panel session, ‘Developing Clean Energy Opportunities and Supply Chain in the IPEF Region’, held yesterday.
The session highlighted key investment opportunities and technological advancements that could drive energy transition; emphasising the important role of public-private collaboration to address current challenges in developing clean energy ecosystem; and concrete actions that need to be prioritised in order to build a resilient and sustainable clean energy supply chain in the region.
Meanwhile, the Inaugural Clean Economy Investor Forum has brought together key players from the IPEF region, ranging from governments and private companies to financial institutions.
Over USD23 billion worth of Investment Opportunities have been identified and some USD6 billion presented at the forum. Three sustainable investment-ready projects in various areas from Brunei Darussalam have been selected to be showcased during the sessions.
