“Australia and Singapore are developing a Green Economy Agreement (GEA) that will further accelerate both countries’ transition towards a green and sustainable future,” says a joint statement from Trade Minister Dan Tehan and his Singaporean counterpart Gan Kim Yong.

The purpose of the agreement is to deregulate trade of environmental goods and services.

“Australia and Singapore are working together to reduce emissions in both countries by lowering the cost and accelerating the uptake of green technology,” Tehan said.

Negotiations for the agreement commenced on 22 September.