Singapore: Chinese President Xi Jinping and Prime Minister Lee Hsien Loong witnessed the launch of negotiations to upgrade the China-Singapore Free Trade Agreement (CSFTA) on Saturday, the second day of Xi’s state visit to the island-nation.
Xi’s visit marks 25 years since the establishment of diplomatic relations between China and Singapore, Channel News Asia reported.
Singapore Trade and Industry Minister Lim Hng Kiang and China’s Commerce Minister Gao Hucheng exchanged letters to signal the start of discussions to review the FTA that came into force in 2009.
The Singapore governmentsaid the upgraded CSFTA will provide Singapore businesses with enhanced trade facilitation. (IANS)
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