MOU signed between Sinagpore and China for better collaboration under BRI

Singapore and China have signed an MOU to promote greater collaboration between Singapore and Chinese companies in third-party markets along the Belt and Road. Under the MoU, the Ministry of Trade and Industry (MTI), NDRC (China’s lead agency for the Belt and Road initiative) and Enterprise Singapore will form a working group to identify sectors and markets of mutual interest, and organise business matching activities and forums to facilitate third-party market co-operation between Singapore and Chinese companies along the Belt and Road.