MOU signed at Recent China-Singapore Joint Council for Bilateral Cooperation Meeting
- Singapore SMEs can benefit from the MOU by accessing China's large services market, with agencies supporting expansion through business missions, matching, and grants, including participation in the CIFTIS platform.
- Collaboration in science and technology at the Suzhou Industrial Park will provide stronger support for commercializing innovations, particularly aiding start-ups in tapping China's mass market.
- Smart city solutions in areas like transportation, education, and environment will be developed in pilot cities like Suzhou, offering SMEs opportunities to provide expertise in ICT, urban planning, and transport.
- Cooperation in the Tianjin Eco-City and other projects serves as a model for sustainable development, with over 300 SMEs already engaged through missions and business matching.
- Singapore and Chinese companies will partner in third markets like Africa and Southeast Asia for joint infrastructure ventures, industrial parks, and financing, benefiting SMEs in growth sectors such as infrastructure and energy.