Singapore and China Sign Three MOUs to strengthen their business ties

The Singapore-China Economic Partnership Conference on February 1, 2024, saw the signing of three MOUs to boost trade and investment ties, attended by government officials and business leaders.

Signing of Crucial MOUs at Singapore-China Economic Partnership Conference

The Singapore-China Economic Partnership Conference held on February 1, 2024, saw the signing of three crucial Memorandums of Understanding (MOUs), signaling a significant step towards boosting trade and investment ties between the two countries.

Present at the conference were Ms. Low Yen Ling, Minister of State for Trade and Industry and Culture, Community, and Youth, and Mr. Zong Changqing, Minister Counsellor (Economic & Commercial Office) from the Embassy of The People’s Republic of China in Singapore. The gathering attracted around 200 business leaders and government officials.

RelatedArticles

The Blind Box Boom Driven by China’s Gen Z

December 23, 2024

Southeast Asia grapples with challenges from a surge in affordable Chinese imports

December 22, 2024

Why BYD, GAC Aion, and Citroen are Betting Big on Indonesia’s EV Market

December 21, 2024

China’s Housing Rescue Proves Insufficient in the City That Foreshadowed the Crisis

December 20, 2024

Key Discussion Points and Agreements

During the event, three Memorandums of Understanding (MOUs) were signed to enhance business relationships, strengthen intellectual property protection, and support business mediation and arbitration. These agreements mark a significant step forward in enhancing the economic relationship between Singapore and China, aimed at enhancing business relationships. Additionally to the MOUs, a Letter of Intent was signed between China International Exhibition Center Group Co., Ltd and participating companies in the 2nd China International Supply Chain Expo scheduled for November 26 to 30, 2024.

Trade and Economic Relationship

Singapore stands as China’s 9th largest trading partner, while China holds the position of Singapore’s 3rd largest trading partner. This accounted for 10.1 percent of Singapore’s total external trade in 2023.

Read the original article : Singapore and China Sign Three MOUs, Boost Business Ties

This article was first published by AseanBriefing which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write to [email protected].