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Singapore, China Sign Belt And Road Deal

4/9/2018 11:49:23 AM
written By : Team India Se Print

Singapore and China have signed a memorandum of understanding (MOU) on April 8 to promote greater collaboration between companies from both countries in other countries involved in China’s Belt and Road Initiative.

Singapore’s Prime Minister Lee Hsien Loong and Chinese Premier Li Keqiang witnessed the signing In Beijing on April 8, the first day of PM Lee's five-day visit to China.

The MOU was signed by Singapore’s National Development Minister Lawrence Wong and NDRC vice-chair Zhang Yong.

Under the MOU, Singapore's Ministry of Trade and Industry (MTI), China's top economic planning body, the National Development and Reform Commission (NDRC), and Enterprise Singapore will identify sectors and markets of mutual interest and organise activities to promote cooperation between companies from both sides, the MTI said in a press release.

Premier Li accepted an invitation to visit Singapore while attending Asean-related summits in November this year.

PM Lee leaves Beijing on April 9 for Hainan island, where he will attend the Boao Forum for Asia and meet China’s President Xi Jinping.

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