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Xinhua 2018: 11: 13.09: 15
SINGAPORE, November 12 (Xinhua) – China and Singapore agreed to update their Free Trade Agreement (FTA) and increase joint efforts to facilitate connectivity.
The consensus, as well as the agreements on the promotion of bilateral cooperation in innovation and other fields, were identified during the talks in Singapore between Chinese Premier Li Keqiang and his Singaporean counterpart, Lee Hsien Loong.
Noting that China and Singapore have completed negotiations to modernize the FTA, Mr. Li expressed the hope that both parties would seize the opportunity to establish trade and investment
According to the Singaporean Prime Minister, the update of the FTA will bring real benefits to the people and businesses of both countries and will send their both parties also reported a strong expansion of trade and investments.
The two parties also committed to promoting the construction of the new land-sea transport corridor consisting of several freight routes by land and sea to link the center and south-west of China. with Southeast Asia, to improve connectivity between the two countries and beyond.
With the signing of a memorandum of understanding on the new logistics corridor, China and Singapore must build on this momentum and strengthen connectivity Both directions, said Li.
The Singaporean leader said that his country would work with China on the construction of the new corridor to facilitate transportation and trade between the two sides.
Experts said this corridor would help China to open. even more to the world and will open a shortcut to allow the countries of Southeast Asia to enter the Chinese market.
Another important result of the visit, according to Li, is that China and Singapore discussed the Guangzhou City of Knowledge project at the national level, an exemplary bilateral cooperation program.
In his talks, Li said both parties should seize the opportunity to actively strengthen their cooperation in the country. build smart cities, promote the modernization of the city administration and the development of artificial intelligence, and badyze the new collaboration at the local level.
Lee said the Singaporean side was looking forward to seeing the project move forward and is ready to accelerate cooperation in smart cities with China.
Intergovernmental cooperation projects between China and Singapore, such as the Suzhou Industrial Park and the Tianjin Ecological City, have yielded fruitful results.
Guangzhou City of Knowledge Develops a Project on Bilateral Cooperation
In their interview, Mr. Li also noted that as a friendly neighbor and important partner of China, Singapore had been deeply involved in the reform and opening of China.
Both parties, he added, consolidated mutual political trust. , have achieved fruitful results in practical cooperation and have become important business and investment partners.
million. Li recalled that China and Singapore had forged a comprehensive partnership of cooperation that progressed over time during the state visit. Chinese President Xi Jinping became the country of Southeast Asia in 2015.
"China is willing to strengthen communication and coordination with the Singaporean side, to deepen mutually beneficial cooperation and to strengthen bilateral relations to higher levels, "said Li.
After their talks, the two leaders witnessed the signing of other cooper documents. Bilateral update on the FTA, connectivity, finance, science and technology, environment, culture and customs.
During the first official visit of a Chinese prime minister to Singapore in eleven years, Li will also attend the XXI leaders' meeting. Association of Southeast Asian Nations (ASEAN), known as the 10 + 1 mechanism, at the XXI Meeting of ASEAN Leaders-China, Japan and the Republic of Korea (10 + 3) and in XIII East Asia.
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(Web editor: Felipe Chen, Rocío Huang)
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