The Kingdom of Saudi Arabia and Singapore have expressed satisfaction over their fostering bilateral relations and underscored the importance of enhancing their cooperation in the economic, trade, investment, financial services, scientific and political domains.
The remarks came in the joint communiqué issued here today at the end of the visit of Crown Prince Sultan bin Abdulaziz, the Deputy Premier, Defense and Aviation Minister and Inspector General, to Singapore.
Prince Sultan paid a three-day visit to Singapore on April 10-12, 2006, in response to an invitation from Singaporean Prime Minister Lee Hsien Loong.
During the visit Crown Prince Sultan met Singaporean President Sellapan Rama Nathan and reviewed with him issues pertaining to bilateral relations and a number of regional and international topics.
At the meeting held with the Singaporean Premier Loong, the two sides emphasized the importance of the existing economic and political ties between the Kingdom and Singapore, and reviewed means of further enhancing bilateral relations and realizing a comprehensive long-term economic partnership. They also exchanged views on a number of regional and international issues of mutual interest.
The two sides welcomed exchange of documents for ratifying the general agreement for cooperation between the two countries, signing a memorandum of understanding for political consultation between the foreign ministries of the two countries as well as signing a memorandum of program for trade cooperation in addition to signing an agreement for the protection and encouragement of general investments, formation of the Saudi-Singaporean business council and opening an office for the Saudi Arabia General Investment Authority (SAGIA) in Singapore.
The two sides highlighted the advantages of the freedom of the world trade and the regional trade agreements.
Singapore congratulated the Kingdom for its admission to the World Trade Organization (WTO).
The two sides agreed to further coordinate and cooperate within the framework of the WTO and the regional economic blocs.
The Kingdom expressed support to the agreement of the free trade due to be signed by Singapore and the GCC member states.
Singapore appraised the Kingdom's role as regards realizing stability at the oil market.
The two sides underlined the importune of enhancing international cooperation and adherence to the principles and goals of the UN as well as the resolutions of the international legitimacy in settling the regional and international disputes as well as the importance of enhancing the pillars of peace and dialogue among the nations.
Singapore expressed support to the call of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz to condemn conflict of civilizations and to replace it with the idea of coexistence of civilizations.
The two sides expressed support to the Asian-Middle East dialogue and expressed satisfaction over the achievement attained in this respect .
The two sides underscored the importance of just, durable and comprehensive settlement for the Palestinian problem based on the UN's resolutions and the peace initiative of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz which was approved by the Arab Summit in 2002, and the road map in a manner that realizes stability and security in the Middle East and the world.
The two sides confirmed their determination on fighting terrorism, and Singapore expressed support to the resolutions adopted by the international conference for combating terrorism, held in Riyadh in 2005 including the proposal of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz to establish an international center for combating terrorism.
The two sides agreed to exchange visits at the high-ranking level in a manner that serves mutual interest.
Prince Sultan bin Abdulaziz expressed appreciation for the warm welcome given to him and the accompanying delegation by the Singaporean officials and people.