3rd China International Fair for Trade in Services (CIFTIS)
- Singapore Business Federation (SBF) organises Singapore Pavilion in China’s 3rd Trade in Services Fair
- SBF leads 27 Singapore Companies, Trade Association and Chambers to showcase expertise in Professional Services and Urban Solutions
28 May 2014 [Singapore] - With the support of the Ministry of Trade and Industry (MTI) and International Enterprise (IE) Singapore, SBF is organising Singapore’s participation at this year’s CIFTIS, to be held from 28 May to 1 June 2014 in Beijing, China.
A high-profile 100-strong business delegation comprising 27 leading Singapore companies, trade associations, business chambers and government agencies will join SBF to attend this specialised trade in services fair in Beijing.
China’s services industry continues its robust and vibrant growth, making up 46.1 percent of the country’s gross domestic product in 2013. China’s rapid urbanisation and growing middle class have provided strong demand for better and quality services in many fields. Given their experience and expertise in the services sector, Singapore companies are well-placed to seize opportunities, and contribute to China’s growth as it further liberalises its services sector.
Singapore Pavilion at 3rd CIFTIS 2014
Organised by the Ministry of Commerce (MOFCOM) and the Beijing Municipality Government with the support of WTO, UNCTAD and OECD, CIFTIS is an important platform to promote trade in services. It remains China's only State Council-endorsed, national-level and comprehensive trade in services fair. It is a comprehensive trading platform for service companies from various cities in China to exchange information and forge strategic partnerships with service companies all over the world.
Last year’s CIFTIS was attended by more than 1,900 exhibiting enterprises from 117 countries and regions, attracting 138,000 registered businessmen and participants, with contracts signed for 415 projects. Total turnover reached US$78.69 billion, up 30.9 percent over 2012 when the fair was launched. The figure included US$10.89 billion in international trade in services.
The Singapore Pavilion at the 3rd CIFTIS is themed “Enhancing Service, Enriching Experience, Liveable and Sustainable Cities” (新加坡 - 提升服务与经验,持续发展宜居城市). The Singapore Pavilion aims to showcase Singapore’s capabilities in four key sectors, namely Urban Solutions and Environmental Services; Professional Services, including Legal, Tax, Business Advisory and Consultancy; Financial Services and lastly Logistics and Transportation Services.
Inspired by the idea of renewal and positive flow in Eastern well-being, the 300 square meters pavilion is designed to illustrate how enhanced service and enriched experience, like healthy blood flow, is constantly sustained by the well-developed infrastructure of Singapore. With individual sectors differentiated by vibrant colours in the form of leaf-like structures and encased by green carpet flooring, the pavilion portrays the uniqueness of Singapore as a city in the garden.
The Singapore Pavilion will feature two Sino-Singapore flagship projects in China, namely Sino-Singapore Suzhou Industrial Park (SIP) and Sino-Singapore Tianjin Eco-city (SSTEC).
"Singapore and China have a long history of collaboration in the areas of industrial parks and business city development, urban planning, logistics and environmental services, and green technology. These resulted in many successful Sino-Singapore joint projects and great achievements. While Singapore and China continue to pay close attention to these identified sectors, our two countries should also focus on developing and investing in modern service industry. This will create another valuable platform for mutual cooperation and shared prosperity." said Mr Poh Choon Ann, SBF Business Delegation Leader and Vice Chairman of the SBF China Business Group.
Singapore Seminar Day
One key highlight of Singapore’s participation at the 3rd CIFTIS is the Singapore Day Seminar on 29 May 2014. Titled “Singapore: Your Partner for Internationalization – Seminar on Singapore Professional Services”, the seminar includes a panel discussion featuring a distinguished panel of speakers representing the legal, financial and professional services sectors of Singapore, to share their views on Singapore’s connectivity and how Chinese companies can partner Singapore to expand their operations in ASEAN. There will also be senior representatives from Singapore’s Surbana International Consultants Pte Ltd, SIP, SSTEC and Sino-Singapore Guangzhou Knowledge City (SSGKC) to speak on topics to showcase Singapore’s urban solutions and environmental service sectors. More than 100 representatives from both Singapore and China are expected to attend the seminar.