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Singapore, China conclude ‘substantive talks’ on FTA, to develop cooperation in 6 areas

BEIJING: Singapore and China have accomplished substantive negotiations on an upgraded free commerce settlement that can enhance market entry for companies, a day after the international locations introduced the upgrading of bilateral ties.

The international locations additionally signed six agreements on Saturday (Apr 1), increasing cooperation in areas starting from meals security to the humanities and biodiversity conservation. 

The Memorandums of Understanding (MOUs) have been inked between Singapore authorities officers in Prime Minister Lee Hsien Loong’s delegation and their Chinese language counterparts, with Mr Lee and China’s new premier Li Qiang witnessing the signings at Beijing’s Nice Corridor of the Individuals. 

Mr Lee was welcomed in an official ceremony and gave a gap speech earlier than observing the signings. Saturday marks the tip of his go to to China, which started on Monday. 

On Friday, Mr Lee met China President Xi Jinping, and each leaders agreed to raise bilateral relations to an “All-Spherical Excessive-High quality Future-Oriented Partnership”. 

In a joint assertion issued by each international locations on Saturday, Singapore stated it reaffirmed its assist for China’s improvement and welcomed its dedication to reform and opening up.

“China spoke extremely of Singapore’s longstanding participation in China’s modernisation journey, which has laid a robust basis for bilateral cooperation, and expressed assist for Singapore’s continued progress and prosperity,” the assertion stated. 

Singapore and China additionally stated they sit up for new areas of cooperation and “making full use of inter-governmental mechanisms” such because the Joint Council for Bilateral Cooperation. The council is the highest bilateral platform the place each international locations evaluation their collaborations and map out new avenues for cooperation.

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