Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
International Relation

China, Singapore agree trade-pact upgrade, 30-day visa deal

December 08, 2023


Abstract : China and Singapore announced on Thursday that they have reached a protocol to further upgrade the China-Singapore Free Trade Agreement (CSFTA), while also agreeing on a 30-day mutual visa exemption arrangement for ordinary passport holders.

Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier of the State Council, meets with Deputy Prime Minister and Minister for Finance of the Republic of Singapore Lawrence Wong in Tianjin, north China, Dec. 7, 2023. Ding and Wong co-chaired the 19th meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 24th meeting of China-Singapore Suzhou Industrial Park Joint Steering Council (JSC), the 15th meeting of the China-Singapore Tianjin Eco-City JSC and the seventh meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity JSC. (Xinhua/Yue Yuewei)

TIANJIN, Dec. 7 (Xinhua) -- China and Singapore announced on Thursday that they have reached a protocol to further upgrade the China-Singapore Free Trade Agreement (CSFTA), while also agreeing on a 30-day mutual visa exemption arrangement for ordinary passport holders.

The news came as Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier of the State Council, met in Tianjin with Deputy Prime Minister and Minister for Finance of the Republic of Singapore Lawrence Wong.

Ding and Wong also co-chaired the 19th meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 24th meeting of China-Singapore Suzhou Industrial Park Joint Steering Council (JSC), the 15th meeting of the China-Singapore Tianjin Eco-City JSC and the seventh meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity JSC.

Ding said that this year is of special significance to the development of China-Singapore relations. He called on the two sides to closely focus on the new orientation of China-Singapore relations, make good use of the meeting platform of the bilateral cooperation mechanism, promote the upgrading of existing cooperation, explore more new areas of cooperation, and jointly implement the important consensus of the leaders of the two countries.

Singapore-China relations enjoy a strong momentum of development and the Belt and Road Initiative has yielded fruitful results, Wong said, adding that Singapore is willing to work with China to further strengthen exchanges at all levels, deepen the synergy of development strategies, give full play to the role of bilateral cooperation mechanisms and push for new development in bilateral relations.

The two sides agreed to promote high-quality Belt and Road cooperation, continue to expand and strengthen the building of the New International Land-Sea Trade Corridor, deepen cooperation in third-party markets, upgrade key cooperation projects, actively expand cooperation in digital economy and ocean energy, build a pattern of diversified and interactive cultural and people-to-people exchanges, and jointly uphold the multilateral trading system.

The two sides announced 24 outcomes of cooperation, including a protocol to further upgrade the CSFTA, and 30-day mutual visa exemption arrangement for ordinary passport holders.

Under the protocol, the two countries committed to a negative-list model of services and investment opening-up, which will provide broader space for investors and services providers and expand cooperation in emerging fields such as the digital economy, according to China's Ministry of Commerce.

The ministry said the signing of the milestone protocol will stimulate the potential of services trade and investment cooperation further, and the two sides will step up their domestic legal procedures for the protocol's early entry into force.

Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier of the State Council, co-chairs the China-Singapore Mechanism Meetings on Bilateral Cooperation with Deputy Prime Minister and Minister for Finance of the Republic of Singapore Lawrence Wong in Tianjin, north China, Dec. 7, 2023. Ding and Wong co-chaired the 19th meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 24th meeting of China-Singapore Suzhou Industrial Park Joint Steering Council (JSC), the 15th meeting of the China-Singapore Tianjin Eco-City JSC and the seventh meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity JSC. (Xinhua/Yue Yuewei)

Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier of the State Council, witnesses the China-Singapore Cooperation Deliverables with Deputy Prime Minister and Minister for Finance of the Republic of Singapore Lawrence Wong in Tianjin, north China, Dec. 7, 2023. Ding and Wong co-chaired the 19th meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 24th meeting of China-Singapore Suzhou Industrial Park Joint Steering Council (JSC), the 15th meeting of the China-Singapore Tianjin Eco-City JSC and the seventh meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity JSC. (Xinhua/Yue Yuewei)

Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier of the State Council, attends the China-Singapore Tianjin Eco-City City Centre -- Green Innovation Park Groundbreaking Ceremony with Deputy Prime Minister and Minister for Finance of the Republic of Singapore Lawrence Wong in Tianjin, north China, Dec. 7, 2023. Ding and Wong co-chaired the 19th meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 24th meeting of China-Singapore Suzhou Industrial Park Joint Steering Council (JSC), the 15th meeting of the China-Singapore Tianjin Eco-City JSC and the seventh meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity JSC. (Xinhua/Yue Yuewei)

Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and vice premier of the State Council, poses for a group photo with Deputy Prime Minister and Minister for Finance of the Republic of Singapore Lawrence Wong in front of the China-Singapore Friendship Forest in Tianjin, north China, Dec. 7, 2023. Ding and Wong co-chaired the 19th meeting of the China-Singapore Joint Council for Bilateral Cooperation, the 24th meeting of China-Singapore Suzhou Industrial Park Joint Steering Council (JSC), the 15th meeting of the China-Singapore Tianjin Eco-City JSC and the seventh meeting of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity JSC. (Xinhua/Yue Yuewei)

Scan the QR code and push it to your mobile phone

Keyword: China-Singapore CSFTA

Reading:

Matisse on show

Villages in east China's Jiangxi serve as beacon for global sustainable development practices, says BRISL Director

E.China's Lianyungang launches media campaign to demonstrate fruitful results under BRI

Ice collecting festival kicks off in NE. China's Harbin

Economic Watch: Night fairs heat up winter consumption in south China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial