Singapore, China companies and authorities ink 15 MOUs to further growth, partnership
FIFTEEN memorandums of understanding, valued at over S$60 million, were signed at the 7th Singapore-China Trade and Investment Forum (SCTIF) on Wednesday, “paving the way for new growth opportunities and bilateral partnerships”, the Singapore Business Federation (SBF) announced on Wednesday (Nov 6).
These agreements span areas including cross-border trade solutions, construction technology, education services, healthcare and logistics.
Examples of companies and authorities involved include ONE Championship, the Jinan government, Edtech Plus, Alibaba Intime Business Group, Shanghai Business School, Crimson Logic and Shanxi Port.
“We are heartened to see an increase in the number of MOUs signed at the SCTIF this year, highlighting that this platform continues to be a useful avenue boosting trade and cooperation between our countries,” said SBF CEO Kok Ping Soon.
“While we remain focused on helping Singapore companies transcend the domestic market and further their business in China, we are also committed to supporting the ambitions of Chinese partners looking to establish a presence in Singapore and in the wider Asean region,” he added.
Wednesday’s forum, which was attended by more than 300 business leaders on-site and virtually, was organised by SBF on the sidelines of the China International Import Expo held in Shanghai.
Singapore’s ambassador to China, Peter Tan, delivered the opening keynote speech. SCTIF also featured a panel discussion with key business leaders from Singapore and China, where panellists spoke about the prospects and mutual benefits of enhanced trade and investment between the two countries.
