SINGAPORE, Feb 2 (Reuters) - Singapore will launch its own space agency on April 1 ​as it bids to "fully harness the ‌value and opportunities of the growing global space economy", ‌the country's trade ministry announced on Monday. "Singapore's strengths in advanced manufacturing, aerospace, micro-electronics, precision engineering and artificial intelligence position us well to capture ⁠new opportunities in ‌the space technology sector," said the Ministry of Trade and Industry, which ‍will run the new agency.

Singapore will launch its first national space agency in April to provide “decisive leadership” for the Southeast Asian country to tap an “expanding space economy,” the nation’s government announced on Feb. 2. Tan See Leng, Singapore’s Minister-in-charge of Energy and Science & Technology, noted the new National Space Agency of Singapore (NSAS) will target the “new possibilities posed by democratized access to outer space.”

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