Visiting Chinese Premier Wen Jiabao proposed in Singapore yesterday four
priority fields for its cooperation with Singapore.
Firstly, the two countries should launch new flagship projects in bilateral
business cooperation, Wen said at a dinner hosted by Singapore-China Friendship
Association and Singaporean Business Community yesterday evening.
The Chinese premier spoke highly of the "Eco-City" project now under
discussion between the two sides, saying it is of far-reaching importance.
China will draw on Singapore's successful practices in urban development,
environmental protection and water resource management in light of China's
conditions and work to build a new city that is environment-friendly and
resource-conserving and make it a new pacesetter of bilateral cooperation.
Secondly, the two sides should jointly promote the building of bilateral free
trade area (FTA).
In just over a year since April 2006, four rounds of intensive FTA
negotiations have been conducted, and the progress made in the negotiations
reflects the sincerity of both countries to reach early agreement, he said.
"On the basis of mutual benefit, reciprocity and friendly consultation, China
will work with Singapore to make further progress in the negotiations so that
our two peoples will enjoy the benefit of a free trade area at an early date,"
the premier said.
Thirdly, the two countries should provide better services to facilitate
business cooperation.
Wen suggested that the two governments take various measures to support
Chinese and Singaporean companies eager to build stronger business ties.
The two sides should promote exchanges and cooperation between the business
communities through the Singapore-China Economic and Trade Cooperation Website
and run trade and investment seminars to provide a platform for the companies to
jointly open other markets, he said.
Fourthly, the two countries should expand cooperation in services as
Singapore has a developed service sector and is an international leader in
shipping, logistics, financing, environmental protection and tourism, while
China has a huge market, a large pool of professionals and abundant labor
resources.
"To grow China-Singapore business relations not only serves the interests of
our two peoples, but also contributes to development and prosperity of our
region," he said.
The Chinese premier expressed his hope that the two sides will seize the
opportunity and work together to build stronger business ties.
Wen noted that cooperation between China and Singapore in various fields has
grown rapidly and economic cooperation and trade have flourished since the two
countries established diplomatic relations in 1990.
Singapore is China's largest partner in the Association of Southeast Asian
Nations (ASEAN) while China is the second largest trading partner of Singapore.
Since 2004, the annual trade volume surpassed US$20 billion, US$30 billion
and US$40 billion respectively. Trade volume has reached US$34.6 billion in the
first nine months of this year.
Wen arrived in Singapore on Sunday for a two-day official visit to the
country at the invitation of Prime Minister Lee Hsien Loong.
It is the first visit by a Chinese premier to Singapore in eight years.
After the visit, Wen will attend the 11th ASEAN plus Three (China, Japan and
the Republic of Korea) Summit, the 11th China-ASEAN Summit, the third East Asia
summit, and the eighth annual meeting of leaders of China, Japan and South
Korea.