China, Singapore enhance business and trade ties

Good progress: Wentao speaks at a news conference in Beijing. China’s Commerce Minister confirmed that there would be no rollback of opening-up measures in the services and investment sectors. — Reuters

BEIJING: China and Singapore’s economic and trade ties will be reinforced by high-level free trade deals in the coming years, effectively mitigating the impact of geoeconomic fragmentation and creating new investment opportunities in each other’s markets, say trade experts and business leaders.

The two countries announced last Saturday that they had completed substantive negotiations on the upgrade of their bilateral free trade agreement.