DPM Gan Kim Yong chaired the JCBC meeting with his Chinese counterpart, Vice-Premier Ding Xuexiang.
SINGAPORE - Singapore and China took steps to refresh their relationship and deepen collaboration in areas such as trade and finance at the apex bilateral cooperation meeting between the two countries on Nov 11.
Mr Gan pointed out that PM Wong is not new to China, having co-chaired the JCBC with Mr Ding in China in 2023. Most notably, both countries agreed to ensure that a protocol to further upgrade the China-Singapore Free Trade Agreement will enter into force on Dec 31, 2024, thereby making it easier for Singapore investors and service suppliers to invest and trade in China.
Both sides also discussed projects like the Suzhou Industrial Park , which is the first government-to-government project between the two countries and marks its 30th anniversary in 2024. Both sides also agreed to strengthen the Tianjin Eco-City, the second government-to-government project, as a test-bed for green enterprises to trial new ideas.
With Donald Trump poised to return to the White House after winning the recent US presidential election, countries including China and Singapore are bracing themselves for stiffer tariffs and trade disruptions.
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