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Singapore Ministers Conclude Joint Study Visit To Western China

World Trade
open eyes opinion {source: SGgov}

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MINISTER CHAN CHUN SING CONCLUDES FOUR-DAY JOINT STUDY VISIT TO WESTERN CHINA

1. Minister for Social and Family Development and Second Minister for Defence Chan Chun Sing concluded a joint study visit on the proposed third Government-to-Government (G-to-G) project in Western China from 1 to 4 February 2015. Together with PRC Vice Minister of Commerce Gao Yan, Minister Chan and a Singapore business delegation with representatives from the aviation, logistics and services sectors visited the three shortlisted cities for the project – Chongqing, Chengdu and Xi’an – to better understand the conditions in each city.

2. While in China, Minister Chan called on PRC Minister of Commerce Gao Hucheng in Beijing, where both leaders re-affirmed 25 years of strong diplomatic relations between Singapore and China and agreed to work closely on the study for the proposed third G-to-G project. (Please refer to Annex A for photo of the call.) Minister Chan and Minister Gao co-chair the Joint Ministerial Committee (JMC) to study the feasibility of the proposed bilateral project.

3. During the visit, Minister Chan also called on provincial and municipal leaders, including Chongqing Party Secretary Sun Zhengcai, Sichuan Party Secretary Wang Dongming and Shaanxi Party Secretary Zhao Zhengyong.

4. Throughout the four-day visit, the delegation visited commercial sites and met with local officials and potential business partners to better understand each city’s developmental plans and how they relate to China’s national strategies for the western region.

5. Commenting on the visit, Minister Chan said, “This has been a very fruitful exchange on potential business opportunities in the western region of China. As a next step, our Singapore businesses will continue to explore potential collaborations with their counterparts. This is important as the project must be relevant to China’s developmental priorities and be commercially viable. Singapore hopes to value-add to developments in the Western region, by enhancing connectivity within the region as well as connecting the region to other parts of China and the world. This is in line with the theme of collaboration ‘modern connectivity and modern services’ jointly identified earlier.”

6. The visit underscored the strong bilateral economic relations between Singapore and China and the mutual interest to advance economic collaboration. Economic linkages between Singapore and China have been growing in recent years. In 2014, China was Singapore’s top trading partner and export destination, and total trade between China and Singapore amounted to S$121.5 billion. Singapore was also China’s fourth largest trading partner in Asia and top foreign investor last year.

7. The Singapore delegation also included Senior Minister of State for Trade and Industry and National Development Lee Yi Shyan and senior officials from the Ministry of Trade and Industry, Ministry of Foreign Affairs, Ministry of Transport, Civil and Aviation Authority of Singapore, Economic Development Board, Infocomm Development Authority of Singapore, International Enterprise Singapore, Monetary Authority of Singapore and the Singapore Tourism Board.

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