Singapore, China boost implementation of Smart City Initiative
Singapore and China’s Shenzhen city on June 17 inked eight memoranda of understanding (MOU) in support of their Smart City Initiative (SCI) that was agreed upon last year.
The Asia SME Hub would connect some four million Chinese businesses with 50 Singaporean SMEs (Source: straitstimes.com)
Singapore (VNA) – Singaporeand China’sShenzhen city on June 17 inked eight memoranda of understanding (MOU) insupport of their Smart City Initiative (SCI) that was agreed upon last year.
With the aim ofconnecting business ecosystems and strengthening links between Singapore and China'stech capital, SCI will allow both sides’ businesses and people to tap into theopportunities available in Guangdong-Hong Kong-Macau Greater Bay Area and Southeast Asia.
As part of theinitiative, a new Asian small-and medium-sized enterprise (SME) hub will be putinto operation by July 2020, which is expected to connect about 4 millionChinese businesses with 50 Singaporean SMEs selling protective equipment and officesupplies./.
Singapore and China have signed nine agreements and Memoranda of Understanding (MoU) in various fields such as customs clearance, intellectual property management, education, innovation and communications, and smart city development.
Singapore and China have reached eight MoUs on promoting cooperation in areas including financial services, trade in food products, transport and logistics.
Singapore and China have agreed to launch a “fast-lane” arrangement in early June to facilitate essential travel for business and official purposes, Singapore's Ministry of Foreign Affairs (MFA) said in a statement on May 29.
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