Singapore, Sichuan companies sign 6 MOUs as bilateral trade hits record US$2.7 billion in 2022

Minister for Manpower and Second Minister for Trade and Industry Tan See Leng speaking at the 23rd Singapore-Sichuan Trade and Investment Committee meeting.

Dr Tan co-chaired the meeting alongside Sichuan Vice-Governor Yang Xingping. The minister noted the “strength and resilience of Singapore-Sichuan economic relations”. Bilateral trade reached an all-time high of US$2.7 billion in 2022, growing 38.9 per cent year on year. He highlighted the partnership between InnoVen Capital China and Ziyang Major Industry Equity Investment Fund, which has committed to supporting high-growth technology and healthcare start-ups, and developing relevant industry chains in Sichuan.

Other MOUs signed on Sunday also sought collaboration on first-class vehicle inspection services in China; joint investment, construction and operation of energy solution services in the Wuhou district; and the building of an international smart transportation exchange centre in west China.

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