Deepen the cooperation between one belt, one road, and six other areas in the new Sichuan cooperation

This year marks the 30th anniversary of the establishment of diplomatic relations between China and Singapore. Recently, the 21st Meeting of the Singapore Sichuan Trade and Investment Committee was held via video link. At the meeting, all participants reviewed the cooperation process and looked forward to the future development vision. At the same time, the joint declaration of Singapore Sichuan Trade and Investment Committee on deepening cooperation between Singapore and Sichuan was issued. The joint declaration of one’s “one belt, one road” and the other two sides will further strengthen the confidence of deepening exchanges and cooperation. We will focus on strengthening the six aspects of the major opportunities, such as the construction of docking mechanism, the sharing of “one belt and one road” construction, industrial development, innovation and entrepreneurship, enterprise internationalization and joint epidemic prevention, so as to promote the new and greater development of the new friendly cooperation between the new territories and the

. The joint declaration of

and “joint development” is a key step forward.


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reporters learned that the Singapore Sichuan Trade and Investment Commission (hereinafter referred to as “Xinchuan trade and Investment Commission”) was established in 1996. It is one of the seven bilateral cooperation mechanisms established by the provincial government of China and Singapore, and the only high-level economic and trade promotion mechanism established by Sichuan and foreign governments. One belt, one road, is to promote the comprehensive cooperation between Sichuan and Singapore in the field of trade and investment. It is an important platform for our province to carry out the “one belt and one way” construction in the new situation, seize the new opportunities for Sino Singapore cooperation and expand the new area of new Sichuan cooperation. Since the establishment of the new Sichuan Trade and Investment Commission, the working mechanism of mutual cooperation between the two sides has been operating continuously and effectively, which has promoted the economic and trade cooperation between Sichuan and Singapore. The bilateral import and export volume has increased from 56.97 million US dollars in 1996 to 1.678 billion US dollars in 2019. The bilateral investment volume has increased from 9.39 million US dollars in 1996 to 689 million US dollars in 2019. According to the data of


from Sichuan Economic Cooperation Bureau, from January to August 2020, the total import and export volume of the two places reached 1.25 billion US dollars, an increase of 21.4% year-on-year. As of August 2020, Singapore has established 665 enterprises in Sichuan, with an actual capital of 7.55 billion US dollars, of which 21 Singapore invested enterprises in Sichuan from January to August this year, with a year-on-year increase of 16.67%, and the actual foreign investment in Sichuan was 188 million US dollars. At present, Singapore is the second largest source of foreign investment in our province. Singapore’s Fengyi international, Temasek, Flextronics, Sichuan’s new hope, Haite hi tech and Tongwei are representative enterprises of two-way investment and cooperation between the two places. Our reporter Li Yanling