Singapore City, Singapore--(Newsfile Corp. - June 14, 2023) - The Ministry of Trade and Commerce together with the Ministry of Agriculture, Livestock, Forestry, Fisheries and Bio - Security signed an MOU with Advanced Engineering Group (AEG) on 31 May 2023 in Port Vila, Vanuatu.
From left to right ; Mr. Leonard Tan, CEO AEG and the Consortium of Partner Leader, Minister of Trade and Commerce, Honorable Matai Seremaih (MP) and Minister of Agriculture, Livestock, Fisheries, Forestry and Bio-Security, Honorable Nakou Natuman(MP)
The main purpose of this MOU is to express the willingness of both parties to engage in efforts to promote the competitiveness and economic development of THE REPUBLIC OF VANUATU, through projects and activities to develop, and expand relationships in the sectors of Engineering, Manufacturing, IT Infrastructure, Building and Construction, Mining, Fishery, as well as Agriculture technology and development.
AEG is a Singapore-based Company with Sales and Operations in Singapore, South-East Asia and China. The company is accredited with ISO9001-2015 (Quality Management System), ISO45001-2018 (Occupation, Health and Safety) and bizSAFE STAR (Risk Assessment and Risk Management); and has won several awards for her stellar performance over the years.
THE REPUBLIC OF VANUATU (Ministry of Trade and Commerce and Ministry of Agriculture, Livestock, Forestry, Fisheries and Biosecurity) will work and coordinate with "AEG" in the development of their initiatives to improve and expand support, with official written approvals, rights, export permits and licenses from their various authorities for the agriculture, fishery and mining. In addition, they also agree to allow "AEG" to carry out feasibility studies, monitoring, and evaluation activities to assess the impact of these activities on the environment, both locally and regionally. All costs will have to be established and agreed upon by both parties.
"AEG" will provide all consultancy, technical and engineering expertise to assist THE REPUBLIC OF VANUATU to carry out activities that will improve and expand the support to its competitiveness. As a preliminary activity, "AEG" will conduct a strategic feasibility planning exercise, jointly with THE REPUBLIC OF VANUATU to review their current and future "operational" requirements. The results of this exercise will assist THE REPUBLIC OF VANUATU with the implementation of their needs, hence, identify areas where "AEG" can provide the necessary support. After finalizing the strategic planning session, technical and financial support agreements for these specific activities, through a join participatory process with clear milestones will be tabled out. These agreements will be detailed in subsequent Addendums to this MOU.
