Singapore, Sichuan companies ink 5 MOUs as bilateral trade grows

SINGAPORE – Firms from Singapore and China’s western province of Sichuan have signed five agreements across a range of sectors to boost bilateral trade.

Another signatory was Singapore utilities firm SP Group, which is teaming up with Chengdu Wuhou State-owned Capital Investment and Operation Group to develop an integrated energy management project in the Wisdom Valley, a high-tech industrial park housing 800 companies. “Our latest MOU builds upon our ongoing collaboration with the Wuhou district government to shape a smart and sustainable district,” he added.

Singapore’s Second Minister for Trade and Industry, Dr Tan See Leng, who co-chaired the Aug 14 meeting, told the event: “Sichuan is a natural landing pad for Singapore companies seeking opportunities in western China. Both sides can leverage each other’s strengths to foster research and development collaborations and co-develop solutions to better harness renewable energy sources and low-carbon innovations, he added.

“As a global trading hub, Singapore is also strengthening our approaches to facilitate regional green trade and enable companies globally to explore closer partnerships.”

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