- Senator the Hon Penny Wong, Minister for Foreign Affairs
- Dr Vivian Balakrishnan, Minister for Foreign Affairs
- Dr Tan See Leng, Minister for Manpower, Minister-in-Charge of Energy and Science & Technology
Today we are pleased to announce that Australia and Singapore have substantially concluded negotiations on the Protocol on Economic Resilience and Essential Supplies to the Singapore-Australia Free Trade Agreement (SAFTA).
The Protocol delivers on the Joint Statement on Economic Resilience and Essential Supplies from Prime Minister Anthony Albanese and Prime Minister Lawrence Wong on 10 April 2026, in which they committed to support the flow of essential supplies between our countries.
The Protocol reflects the priority we accord each other with respect to trade in essential supplies including petroleum oils, such as diesel, and liquefied natural gas.
It also demonstrates the complementarity and interdependence of our two economies.
The Protocol enhances cooperation on economic resilience including by seeking to manage and minimise supply chain disruptions and endeavouring not to adopt export prohibitions or restrictions on essential supplies between us.
The Protocol also formalises the Australia-Singapore Economic Resilience Dialogue recognised by Prime Ministers in their announcement of 10 April 2026. The Dialogue will serve as the mechanism for cooperation on economic resilience and trade in essential supplies.
The Protocol is guided by the principles of an open, rules-based multilateral trading system, with the World Trade Organization at its core.
The Protocol will enter into force when both Singapore and Australia have completed their domestic processes.