Singapore Business Federation inks MOU with CCPIT Guangdong Council (CCIC Guangdong CC) - to establish the “Guangdong-Singapore Bilateral Enterprise Council to spur bilateral business exchanges and trade links.
Singapore, Thursday, 16 September 2008 - The Singapore Business Federation (SBF), Singapore’s apex business chamber, today inked a Memorandum of Understanding (MOU) with the China Council for the Promotion of International Trade (CCPIT) Guangdong Council China Chamber of International Commerce Guangdong Chamber of Commerce (CCIC Guangdong CC) to establish the Guangdong-Singapore Bilateral Enterprise Council (GSBEC) (广东- 新加坡企业家理事会) to spur bilateral business exchanges and trade links.
The MOU which was signed at the China Guangdong-Singapore Business Conference 2008 held here will drive information and business exchanges between SBF and CCPIT Guandong Council, aimed at promoting bilateral trade and investments between companies from both sides.
Mr Teng Theng Dar, CEO of the Singapore Business Federation and Mr Chen Wen Jie (陈文杰先生), President of CCPIT Guangdong Council (CCIC Guangdong CC) presided at the MOU signing witnessed by Mr Wang Yang (汪洋先生), Party Secretary of the Guangdong Province and Mr Lee Yi Shyan, Minister of State, Ministry of Trade and Industry. Mr Wang Yang was here with a 480 strong official and business delegation to enhance investment and trade relations between Guangdong and Singapore’s business and financial services industry.
The MOU provides for the establishment of G-SBEC aimed at:
a. promoting business exchanges and economic cooperation between Guangdong Province and Singapore;
b. facilitating discussion of bilateral trade and investment issues and examining of impact of current business policies;
c. helping both sides understand the difficulties encountered by enterprises in the bilateral trade between Guangdong Province and Singapore, and to resolve problems through consultation and mediation to further promote bilateral economic and trade cooperation
Commenting on the MOU, Mr Teng Theng Dar, Chief Executive Officer, SBF remarked that “this is the first business council SBF has formed with our strategic partner in China to further enhance business ties and relations between the business communities of Singapore and Guangdong Province. As a business-to-business platform, the mission of G-SBEC is to link larger enterprises with small and medium enterprises from both sides to explore business opportunities in Singapore and Guangdong Province as well as to jointly seek potential business projects in third markets.”
The CCPIT Guangdong Council has identified some 20 Guangdong enterprises as the key council members and some 20 SBF members are Singapore council members. The key areas of cooperation included finance, information technology, manufacturing, construction materials, logistics, environment protection, urban planning, education, healthcare, tourism etc.