Singapore and China have discussed improving market access to investments and services for companies, as well as facilitating digital trade between the two countries.
The talks took place yesterday at the Joint Council for Bilateral Cooperation (JCBC) meeting, which allows both countries to take stock of existing collaborations and discuss new ones.
Deputy Prime Minister Heng Swee Keat and Chinese Vice-Premier Han Zheng co-chaired the JCBC meeting.
Trade and Industry Minister Gan Kim Yong told the event, now in its 17th year, that there are many opportunities for Singapore and China to enhance bilateral cooperation.
These include strengthening the supply chain for essential items such as food, with Mr Gan suggesting that a forward inspection hub be set up in Singapore to shorten the time needed to inspect and clear food products at Chinese ports.
Negotiations under the ChinaSingapore Free Trade Agreement that seek to improve market access for Singapore companies operating in the Chinese telecoms market have also made “significant progress”, he added.
Mr Gan also called for deeper cooperation with the Suzhou Industrial Park (SIP), which is jointly governed by Singapore and China.
This story is from the December 30, 2021 edition of The Straits Times.
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This story is from the December 30, 2021 edition of The Straits Times.
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