Mr. President, Mrs. Obama, distinguished guests, ladies and gentlemen.

I’d like to thank President Obama for his very kind words. Ho Ching and I are delighted to be here, and we are touched by your warm welcome and gracious hospitality. We especially appreciate Mrs. Obama’s personal efforts to make our visit a successful one, and for personally overseeing the splendid arrangements for the state dinner.

Mr. President, when you addressed the U.N. in 2014, you said “that when nations find common ground not simply based on power, but on principle, then we can make enormous progress.” And I am glad to say that tonight, on the 50th anniversary of our diplomatic relations, our two countries share much common ground and have made great progress together based on shared principles, convergent interests and mutual respect.

I remember my first meeting with you at the Senate; it was May 2007. You were in the midst of a hard-fought presidential campaign and not yet the front-runner for the Democratic nomination. But I was struck by your focus, your informed interest in Asia and your desire to cement America’s role in it. Your years growing up in Indonesia gave you direct experience of Southeast Asia’s cultures and challenges. As president, your personal leadership and decision to re-balance to Asia has won America new friends and strengthened old partnerships, including with Singapore.

Over half a century working together on multiple issues, Singaporeans and Americans have made many enduring and close personal friendships. So I’m happy to see many of Singapore’s old friends here tonight, such as Ambassador Steve Green, who you may not know played a crucial role in teeing up a certain midnight golf game, between a lame-duck president Bill Clinton and our prime minister, Mr. Goh Chok Tong, on a rainy night in Brunei during an APEC meeting, which led to the U.S.-Singapore free trade agreement.

Which shows what can be done even during lame-duck periods.

Singapore admires America’s dynamism, vibrancy and capacity for self renewal. These qualities attract the best and brightest from around the world.

Thousands of Singaporeans study in the U.S., attracted not just by the excellent academic education but also the unique dynamism of your campuses and the ethos of your society. This is something that Singapore hopes to emulate, as we seek to tap into this spirit of innovation and entrepreneurship.

The National University of Singapore has set up overseas colleges in Silicon Valley and New York so that our students from Singapore can intern with high-tech start-ups. And we are also launching a U.S.-Singapore 50th-anniversary scholarship to promote greater exchanges and understanding between our young people.

America excels not just through sheer individual talent but by working together with others. At this year’s International Mathematics Olympiad, the U.S. team came in top, beating Singapore. And you did so in a remarkable, open and collaborative manner. You invited students from other competing countries to the U.S. to train with you, including two Singaporeans, who benefited from the exposure.

It’s what globalization means — you compete, but you also cooperate and learn from one another.

In sport, too, some of Singapore’s Olympic hopefuls have come to train with America’s best athletes. One of our swimmers, Joseph Schooling, was a member of the University of Texas swim team and was a 2016 NCAA champion in the 100-meters and 200-meters butterfly, and we hope he will do well in Rio.

Our armed forces personnel have taken part together in international operations in Afghanistan and in the Middle East. They also train alongside each other on professional courses and joint exercises.

I myself, as a soldier attending U.S. courses, have personally experienced the dedication, the competence and the warmth of our hosts. I made good friends and we still keep in touch after many decades, and they include Frank McGurk and Mary McGurk, who are my military sponsors at the command and general staff college at Fort Leavenworth in Kansas nearly 40 years ago, and they are here tonight.

America is a great nation, not just because of your power and your wealth, but because of your high ideals, openness and generosity of spirit.

You seek to build a world where countries can prosper together. You make common cause with others to fight the problems which plague mankind, be it extremist terrorism, poverty, Ebola or climate change. That is why 70 years after the Second World War, America is still a welcomed power in Asia. We hope these strengths and qualities will be emulated by others and will enable you to remain engaged in our region for many more years.

To mark the 50th anniversary of our relations, Singapore has named an orchid hybrid in honor of President and Mrs. Obama, and this is the hybrid of breeds native to Singapore and Hawaii, where the president was born, most of us believe. We think it’s a fitting tribute to America’s first Pacific president and a beautiful symbol of the flourishing ties between our countries.

Ladies and gentlemen, please join me in a toast to the health and success of the president of the United States. To the president.

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