Singapore and China Strengthen Bilateral Ties with Agreements in Cross-Border Data Flow, Education, Healthcare, and More
At the 6th Singapore-China Trade and Investment Forum (SCTIF), hosted by the Singapore Business Federation (SBF), more than 500 business leaders from Singapore and China convened to strengthen economic ties and explore new avenues of collaboration. Themed “Singapore-China: Advancing Future-Oriented Partnerships,” the forum showcased the potential for enhanced trade and investment opportunities.
Minister of State for Trade and Industry, Ms. Low Yen Ling, delivered a keynote speech, emphasizing the importance of robust economic relations between the two nations. In a ministerial dialogue moderated by SBF CEO Mr. Kok Ping Soon, they discussed strategies to unlock further trade potential.
A significant milestone was reached with the signing of 13 Memoranda of Understanding (MOUs) valued at over SGD 87 million. These agreements spanned crucial sectors, including cross-border data flow, trade interconnectivity, education, food technology, healthcare, sustainable urban development, and supply chain logistics. This represents a notable increase from previous years, highlighting the growing commitment to trade liberalization and sustainable growth.
Mr. Cheng Jun, from the Bank of China Singapore Branch, highlighted their successful business matchmaking services, which have facilitated thousands of connections between exhibitors and buyers worldwide. The event also featured a business pitching session, where twelve Singapore businesses participating in the 6th China International Import Expo (CIIE) presented their offerings to potential partners in China.
Supported by Enterprise Singapore, the Bank of China (Singapore Branch), and the China Chamber of International Commerce, the SCTIF served as a pivotal platform for fostering discussions and cooperation between Chinese and Singaporean companies, setting the stage for a dynamic future of bilateral partnerships.
