China and Singapore will continue to deepen cooperation in various fields, said Singaporean Deputy Prime Minister Heng Swee Keat in a recent interview in Beijing.
An upgraded version of the China-Singapore Free Trade Agreement took full effect on Oct. 16th, signalling new initiatives for bilateral cooperation between Singapore and China.
The Singaporean Deputy Prime Minister talked about more details about the agreement.
“The joint concept for bilateral cooperation between Singapore and China is the highest level of our cooperation platform to discuss how we can deepen our cooperation, and how we can direct our different ministries and agencies, so we had very extensive discussions, we not only check the joint steering committee for the three government to government projects in the Suzhou Industrial Park, Tianjin Eco-City and Chongqing Connectivity Initiative, we also went through a range of different pillars of our cooperation,” said Keat.
The Deputy Prime Minister spoke highly of the role of Chongqing Connectivity Initiative in connecting the countries along the belt and road, adding that the initiative will open up new avenues for trade, investments, and for the flow of tourists between the western part of China and south east Asia.
“We have established the Shanghai council, and the Shanghai council will coordinate the development in the Yangtze river delta area, and working with what we have done at the Suzhou Industrial Park, we will look at how Singapore can be helpful in the central region’s development and with the greater bay area,” he said.
Meanwhile, the Deputy Prime Minister has also shared his insights on current U.S.-China relations.
“The U.S.- China bilateral relations are the most important bilateral relationship in the world. I think the trajectory of this relationship will shape the global growth and stability and I hope that both sides can continue to discuss, negotiate, & come to some agreement, because this downward trajectory will be negative for, not only for China and the U.S., in Singapore’s case, our growth forecast has also been cut, because of that, we are very trade dependent, and we want to make sure that we hope that we maintain support for the multilateral system,” he said.