China and Singapore signed 24 memorandums of understanding on cooperation on Thursday, including a bilateral visa-free policy and a protocol to further upgrade the China-Singapore Free Trade Agreement (CSFTA), during Singaporean Deputy Prime Minister (DPM) and Minister for Finance Lawrence Wong's visit to China.
Chinese and Singaporean analysts said deepened cooperation came out of DPM Wong's visit to China. The two countries elevated their bilateral relationship into an all-round, high-quality and future-oriented partnership in March, and these latest moves will inject fresh momentum into bilateral trade and investment ties.
Ding and Wong noted the impact of global geopolitical tensions, climate change and the digital revolution on lives and livelihoods.
They told relevant officials to continue their collaboration in areas that would enhance both countries' readiness and ability to address such challenges, including agriculture and food security, renewable and marine energy, and green and digital shipping, according to the press release.
The results reached by the two sides at the meeting covered health, the environment, scientific research, green and low-carbon industries, finance, commerce, education and other fields.
