Singapore ready for CIIE with delegation of more than 80 companies

By Huang Lanlan Source:Global Times Published: 2018/10/16 20:33:57

A city view of Singapore Photo: VCG


The Singapore Business Federation (SBF) will lead a delegation of more than 80 companies to attend the upcoming China International Import Expo (CIIE), making it the largest group among ASEAN countries, SBF chairman Teo Siong Seng said on Tuesday.

With 1,425 square meters of exhibition area in the National Exhibition and Convention Center in Shanghai, where the CIIE will be held from November 5 to 10, Singapore is expected to show buyers from all over the world products and services particularly in its competitive fields of education, healthcare, finance and food, Teo said at a CIIE-themed press conference Tuesday.

"As we all know, China is a huge consumer market with 1.4 billion population, and Singapore is regarded as a world-class hub of high-end finance," he said. "I hope that with the help of this unprecedented, global and open platform, our enterprises can grasp more business opportunities to better explore the Chinese market and improve the international visibility of their products."

Teo also believes that CIIE will be a golden opportunity for the Belt and Road initiative (BRI) countries, Singapore included. Since the initiative was proposed in 2013, China has been Singapore's biggest trade partner, and Singapore China's biggest source of foreign investment.

"I hear from organizers that many other BRI countries will also take part in CIIE," Teo said. "It will gather lots of BRI enterprises and organizations. Looking forward to face-to-face discussions with them on further cooperation on the initiative."

This year marks the 40th anniversary of China's reform and opening-up, as well as the 40th anniversary of Deng Xiaoping's first visit to Singapore. Bilateral trade reached 137 billion Singapore dollars ($99.6 billion) in 2017, a 17 percent rise from the previous year. There are over 7,000 Chinese-funded enterprises in today's Singapore.

"We have witnessed China's tremendous economic growth through the past 40 years," Teo told the Global Times. "Now both Singapore and China are facing economic transitions. For enterprises of the two countries, I believe that the CIIE will bring them a precious channel to not only sell and buy products, but also learn about transition experiences from their advanced global peers."



Posted in: ASIA-PACIFIC,ECONOMY

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