, financial services cooperation, technology and innovation, ease of doing business, urban governance and people-to-people exchanges.
This is a follow-up to the MOU signed last April, which aims to promote greater collaboration between Singaporean and Chinese companies in third-party markets along the Belt and Road. MTI statistics said Singapore was the biggest overseas investment destination for China along the Belt and Road, capturing close to 23 per cent of total investment outflow in 2018.Singapore Customs and China’s General Administration of Customs have committed to exchanging information and rendering assistance to each other in the investigation and handling of customs offences.
With a formal framework, there will be more efficient information transfer to improve trade facilitation and compliance.
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