Singapore to deepen business collaboration with Zhejiang: minister
China's Belt and Road Initiative seen as an opportunity for firms here to expand
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Singapore
MORE opportunities are opening up for Singapore companies in Zhejiang, China, in areas of trade, cross-border e-commerce, professional services and innovation, said Sim Ann, Senior Minister of State for Trade and Industry, at a council meeting on Friday.
A growing number of local firms - such as e-commerce company M-DAQ and logistics business Ninja Van - have made headway there, she added. Ms Sim was speaking as co-chair of the Singapore-Zhejiang Economic and Trade Council, together with Zhejiang vice-governor Liang Liming. In her speech in Mandarin on Friday, she revealed that investments and trade between Zhejiang and Singapore have gone up. From January to September 2017, bilateral trade grew 20 per cent year-on-year to reach S$3.6 billion.
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