Li Yi yin and China's story begins in 1998, it was at the Singapore EDB Chief Representative in China; Li Yi-hsien in 2002 and fighting the Singapore Business Development Council, the Council supported the establishment of offices in China; after that recruits of the head of trade and industry, Singapore, Singapore for widening and paving the way for investment in foreign trade.
"Since 2008, the two countries signed an FTA (bilateral free trade agreements), although affected by the financial crisis, bilateral trade and economic cooperation, you can use the word" strong ". "12 years experience in dealing with China, as the Ministry of trade and Industry Minister of Singapore's Lee Yi yin has passed all 47 cities in China, to witness the development of bilateral trade and FTA negotiation process as a whole.
In the forest, Yi-hsien Singapore industrial structure and other ASEAN countries, does not exist, hence can agricultural issues in the two countries signed an FTA on one step ahead of other countries in the ASEAN and China in China-ASEAN free trade area (CAFTA) signed FTA for the framework to draw.
In the first half of 2010, the amount of the import and export of goods Singapore 3131.9 billion, as compared with the same growth 36.1%. Among them, China and Singapore bilateral and export of goods, the amount of $ 333.7 46.1%. As of June, China to Singapore's third-largest export market and third-largest source of imports.
"This year in October, the new parties will do further research on the FTA. "Singapore Ministry of industry and Trade Minister Chen chuan admits, Singapore and China signed FTA is bilateral economic cooperation important milestones. In reaching agreement on the platform, the two countries still have more content and project to deepen.
16 x 20 years
In 2009, in new bilateral trade to $ 478.6 million, compared with the beginning of the establishment of diplomatic relations between 28.3 million, an increase of nearly 20 years of 16 times.
"New industrial areas in both countries there is a huge complement each other, making the FTA signed since the trade and industrial cooperation in space has many new and innovative features. "Li Yi yin, Singapore was previously travelled to China Investment Corporation, and now the Chinese enterprises in Singapore do global layout.
Lee says, newly petroleum to 22 billion acquisition of Singapore petroleum 45.51% stake, Huaneng group to 42.35 million SGD price purchase cliffs energy company 100% equity for FTA signed before unthinkable important example. Specific to Singapore's daily necessities such as computers, food, service, "now it is difficult to find things without MADEINCHINA."
As 2010 China-ASEAN free trade area of the important arrangements before completion, 26 October 2006, China-Singapore free trade area of the first Conference held in Beijing, specifically involving the free trade area negotiations mechanism, scope and timing; after 8 rounds of negotiations and consultations, and finally in 2008, October 23, financial crisis is upon us, and from January 1, 2009 onwards into practice.
Li Yi yin, Singapore in China's development model has provided some reference, such as the Suzhou Industrial Park, officer training, social security, urban planning, management, transport, water management, etc., "but we hope that in the framework of the above, like using a particular schema to strengthen this cooperation", produced by the FTA, and new in cooperation the next focus is investment and services trade liberalization.
As of the end of April, 2010 Singapore in China's actual investment funds accumulated 432.5 million project totalling 18233 items. According to the International Enterprise Singapore Board statistics, the first seven months of this year, a new bilateral trade up to a total of $ 394.1 billion, an increase of 34.7% import and export products for the mechanical and electrical products, chemical products, plastics and rubber products manufacturing industry, etc.
"When it comes to trade this piece, Singapore 70% come from the service or the tertiary industry, such as finance, logistics, transportation, telecommunications, legal and accounting services, IT consulting services for electronic is the dominant industry in the new party. "Li Yi-hsien, China industry restructuring, Singapore has a large number of multinational enterprises in Asia headquarters, and the United States and other countries and signed FTA, to deepen cooperation in new industries, and for China's industrial upgrading.
Chen chuan reminded reporters that the two countries, cultural cooperation is also important to sign FTA see point after, such as the recent China, Singapore's digital businesses signed a commercial agreement, and the 18 items of the memorandum of cooperation, even in the future new extended to common shooting film, and so deep-seated cultural cooperation.
FTA parties pushing hands behind the
Participation in the development of Chinese local cooperation, is in a new signed FTA behind deepening bilateral cooperation in key areas. As of now, Singapore and China, Sichuan, Shandong, Zhejiang, Liaoning, Tianjin, Jiangsu, Guangdong and other 7 provinces established economic and trade cooperation mechanisms.
Li Yi Xian introduction, and the seven provinces and the establishment of economic and trade cooperation mechanisms, the mainland provinces and Singapore Government cooperation framework, based on the schema set up seven trade Council, typically a per year will be staged at Singapore and local. "The Council usually have a Minister or the Deputy Minister, Chinese usually consists of the Governor, Deputy Governor or even the Secretary of the Presidency, such as Jiangsu is Liang Baohua Presidency."
The "Guangzhou knowledge city, branching ecological Island, Liaoning Changxing island development, Sichuan science and technology innovation in city projects are in the Regional Council of Rio. "Li Yi yin said.
Li Yi Yin also admits that many provinces also proposed the establishment of a province and Singapore between Council requested, but at present, the main constraints in the new party, "because every time a Council must make a Minister or the Deputy Minister, now almost half of the Cabinet are involved in the transaction, perhaps no more time and effort to". New recipe on this consideration is, how to lighten the role of the Government, and enterprises will play a greater role. In addition to the continental market, following the signing of the ECFA, 8
The Government of Taiwan and Singapore at the beginning of synchronization that will be formally launched later this year to meet an "economic cooperation agreement" negotiated. Singapore and Taiwan is expected to become, in the ECFA's first and main trading partners and non-formal diplomatic relations signed similar FTA countries."Economic cooperation, signed with Singapore, Taiwan will be able to access through Singapore ASEAN, India and the South Asian market. "Taiwan Foreign Minister Yang Jin Tian expressed expectations.
Singapore is Taiwan's fifth largest exporter, according to Taiwan customs statistics data, the total bilateral trade 2009 134.23 million Taiwan billion surplus to Singapore. Due to the special historical factors across the Strait, Taiwan FTA foreign contact check before and not smooth, currently only with five countries signed four FTA, are small, accounting for only about Taiwan export trade 0.2%.
"In fact, if you set the Singapore and China, Taiwan, Hong Kong and greater China economic and trade cooperation together, China is Singapore's largest trading partner. This is not a political concept, but economic essence, economically it many products are the same regions, the same article on the industrial chain. "Li Yi hsien, from the perspective of industry chain, since we have an FTA in mainland China, then naturally need to speak to Taiwan, Hong Kong has similar agreements. Hong Kong as a free port is not a problem, but Taiwan deep space.
"Of course need to" one China ", within the framework of the WTO and the Taiwan FTA signed. "Li Yi yin, the two sides negotiated steps and rhythm, to see the Chinese mainland and Taiwan negotiations progress.
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