Singapore and China have signed four cooperation pacts, including one for each of the three government-led projects, a day after inking 15 agreements on mainly commercial deals.
Deputy Prime Minister Teo Chee Hean and Chinese Vice-Premier Zhang Gaoli witnessed the signing ceremony yesterday after they reviewed the progress made in the three bilateral flagship projects and discussed the direction of future bilateral cooperation.
The four agreements included cooperation in intellectual property rights protection, furthering collaboration in the biomedical industry, and the development of a transport and logistics hub.
SUZHOU INDUSTRIAL PARK (SIP)
A letter of intent was signed by its Administrative Committee, the National University of Singapore and the Institute of Molecular and Cell Biology to deepen cooperation in the biomedical industry. The SIP, the first of three joint government projects, was started in 1994.
Singapore's National Development Ministry and China's Ministry of Housing and Urban-Rural Development agreed to form a joint expert panel to exchange ideas, and advise on how the city can continue to develop in a sustainable manner. The panel will comprise experts from the government, private sector, academic institutions and research organisations.
The 30 sq km green township development broke ground in 2008. It now has a population of 70,000 and 4,500 registered companies.
CHONGQING CONNECTIVITY INITIATIVE
For this project, announced in November 2015, IE Singapore and the Chongqing municipal government signed a memorandum of understanding to facilitate the implementation of two commercial projects aimed at improving Chongqing's transport links to South-east Asia and Central Asia.
A fourth agreement signed between intellectual property rights agencies from both countries and the Guangdong provincial government will help facilitate the growth of innovation-driven companies.
It will leverage the strategic location of the intellectual property reform pilot zone in the Guangzhou Knowledge City. Started in 2011, the private sector-led and government-supported project aims to develop high-tech industries in Guangdong.
On Sunday, Singapore agencies signed five agreements with Tianjin Eco-City to develop infrastructure and services. Companies from both countries also formalised 10 commercial deals in Chongqing.
Worth around US$1.4 billion, the deals cover transport and logistics, information and communications technology, finance and healthcare.
This article appeared on The Straits Times newspaper website, which is a member of Asia News Network and a media partner of The Jakarta Post