Singapore And China Sign 14 Agreements To Strengthen Bilateral Cooperation
On 29 December 2021 at the 17th Joint Council for Bilateral Cooperation meeting, Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat signed 14 MOUs (Memoranda of Understanding) and agreements with Chinese Vice Premier Han Zheng. The MOUs and agreements signed cover a wide range of areas such as competition law, customs information, exchange of trade, finance, maritime safety, nature conservation and urban governance and planning. With guidance from your economics tutor Singapore in economics tuition Singapore, discuss the significance of bilateral cooperation in these areas.
Forward Looking Agenda
Held virtually for the second year amidst the Covid-19 pandemic, this year’s meeting reaped the highest number of 14 deals. Last year, 10 deals were signed. According to Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat, the highest number of deals signed reflected a “strong foundation” of bilateral collaboration between Singapore and China. It also reflected the joint pursuit of a “forward looking agenda” in a post-pandemic world which would be more digitalised and more technology and innovation driven. The deals were also built on and would complement Singapore’s own industry transformation efforts and China’s 14th five-year plan. To find out more about Singapore’s industry transformation efforts and China’s 14th five-year plan, you may sign up for economics tuition Singapore conducted by Mr Edmund Quek, principal economics tutor Singapore of Economics Cafe Learning Centre. Mr Quek is widely regarded as the best economics tutor Singapore with 20 years of experience teaching economics tuition Singapore at JC levels.
Emerging Areas Of Cooperation
This year’s meeting explored emerging areas of cooperation such as digital economy and green development. Both countries are well positioned to tap on new growth opportunities in these areas. It was also highlighted in the meeting the significance of restoring connectivity and resuming cross-border travels and exchanges in support of both countries’ post pandemic economic recovery. In consultation with your economics tutor Singapore in your economics tuition Singapore class, explain the significance of restoring connectivity and resuming cross-border travels and exchanges between the two countries. One such collaboration is the agreement between the Civil Aviation Authority of Singapore and the Civil Aviation Administration of China for Singapore Airlines to provide charter flights to support the upcoming Beijing Winter Olympics to be hosted by China in February 2022.
Other areas of bilateral cooperation include Belt and Road Initiative, carbon trading, cultural and tourism exchanges, finance and public health, among others. Highlighting innovation cooperation as a new pillar of collaboration in this year’s meeting, the two countries will jointly develop the China-Singapore Guangzhou Knowledge City, a smart city powered by science and technology innovation. You may learn more about the China-Singapore Guangzhou Knowledge City in economics tuition Singapore conducted by economics tutor Singapore Mr Edmund Quek. Mr Quek is an eminent economics tutor Singapore renowned for incorporating real-world events into his economics tuition Singapore. Prior to the China-Singapore Guangzhou Knowledge City project, the two countries had jointly developed Suzhou Industrial Park and Tianjin Eco City with much success.
In conjunction with the annual meeting, Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat and Chinese Vice Premier Han Zheng jointly unveiled the name of the first giant panda cub born in Singapore, Le Le. A symbol of the longstanding friendship between China and Singapore, Le Le is the first successful breed by Kai Kai and Jia Jia, a pair of giant pandas on loan to Singapore from China as part of a collaboration between Wildlife Reserves Singapore and the China Wildlife Conservation Association.
Linda Geng
Economics Tuition Singapore @ Economics Cafe
Principal Economics Tutor: Mr. Edmund Quek