Singapore, China enhance cooperation in CCI framework
Singapore and China have reached eight MoUs on promoting cooperation in areas including financial services, trade in food products, transport and logistics.
Singapore (VNA) –Singapore and China have reached eight MoUs on promoting cooperation in areas including financial services, trade infood products, transport and logistics.
The Singapore Trade andIndustry Ministry said on May 12 that the deals were signed at a teleconferenceof the Joint Implementation Committee for the Chongqing Connectivity Initiative(CCI). However, the ministry did not elaborate on the d𒊎etails of theagreements.
The ministry said discussions at the conference focused on ways to enhance cooperation in thethree priority fields in the framework of CCI, which are financial services,aviation and logistics-transport, as well as how to promote the CCI-NewInternational Land-Sea Trade Corridor (CCI-ILSTC). In the CCI framework, a total of 34 projects have beenproposed, covering such fields as commerce logistics, smart manufacturing,smart tourism and internet of things (IoT)./.
Singapore and China on November 14 pledged to work together to promote bilateral ties and the latter’s relations with the Association of Southeast Asian Nations (ASEAN).
China is willing to work with Singapore to safeguard the rule-based multilateral trade system, said Chinese Premier Li Keqiang during his meeting with Singaporean Deputy Prime Minister and Finance Minister Heng Swee Keat in Beijing on May 23.
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.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Illustrative image (Photo: Internet) 
