Singapore, Shanghai sign 15 agreements to boost cooperation in areas like digital economy, healthcare

During their meeting, the co-chairs agreed to strengthen trade and investment ties between Singapore and Shanghai, as well as with the great Yangtze River Delta region, which includes Jiangsu, Zhejiang and Anhui. 

They also agreed to enhance bilateral cooperation in digital and green economies, as well as deepen partnerships in financial services and innovation, said Enterprise Singapore in a media release.  

The agency noted that economic ties between Singapore and Shanghai have continued to grow, with two-way trade in 2022 increasing by 8 per cent to reach nearly S$20 billion.

Among the 15 agreements signed was one involving OCBC and UnionPay International, which will establish collaboration on digital payments. 

An agreement was signed between the Singapore Tourism Board and the Shanghai Municipal Administration of Culture and Tourism to promote tourism exchanges and cooperation between the two cities.

Singapore’s Ministry of Health (MOH) also signed an agreement with the Shanghai Municipal Health Commission to strengthen cooperation in healthcare.

To strengthen cultural exchanges and the development of the museum sectors in Singapore and China, an agreement was signed between the Singapore Asian Civilisations Museum and the Shanghai Museum.

Also present at the meeting was Minister of State for Trade and Industry & Culture, Community and Youth Low Yen Ling, Vice Mayor of Shanghai Hua Yuan, as well as about 120 Singapore and Chinese officials and business representatives.