SBF connects Singapore businesses to the 21st Century Maritime Silk Road at the 12th CAEXPO in Guangxi
- The event aims to expand the China-ASEAN Free Trade Area through increased business opportunities and enhanced bilateral cooperation
- The Singapore Day Seminar will highlight Singapore as an important hub for the 21st Century Maritime Silk Road and as a springboard to ASEAN and the regional markets
- 33 large companies and SMEs to showcase Singapore’s products and services
17 September 2015 [Singapore] – The Singapore Business Federation (SBF) is leading a delegation to the 12th China-ASEAN Expo (CAEXPO) held in Nanning, Guangxi, China, with a focus on Singapore’s role in the “21st Century Maritime Silk Road”. SBF was reappointed by Singapore’s Ministry of Trade and Industry to organise Singapore’s participation at the 12th CAEXPO, which runs from 18 to 21 September 2015.
As this year marks the China-ASEAN Maritime Cooperation Year, the 12th CAEXPO is themed Co-Building the Maritime Silk Road of the 21st Century. The event aims to provide more business opportunities for companies in China and ASEAN, with the objective of increasing bilateral cooperation and cooperation under the China-ASEAN Free Trade Area.
Trade between China and the ASEAN rose 1.6 percent year on year to reach 224 billion U.S. dollars in the first six months of 2015. China has been the largest trading partner of the ASEAN since 2009, and ASEAN has been China's third largest trading partner since 2011.The progress is due in part to the China-ASEAN free trade agreement which was effected in 2010.
“The 21st Century Maritime Silk Road initiative will help boost connectivity across Asia and Europe, as well as help open up more markets for global trade liberalisation. Through our participation in CAEXPO, we hope to play an active role in China's "One Belt, One Road" initiative and increase the business community’s awareness of Singapore’s role in connecting China with the region,” says Mr S.S. Teo, Chairman of SBF.
In line with the focus of this year’s CAEXPO, the Singapore Pavilion set up by SBF adopts the same theme of Co-Building the Maritime Silk Road of the 21st Century.
A total of 15 companies will showcase Singapore’s capabilities in maritime and infrastructure development, shipping and trade, professional services, tourism and hospitality, as well as the Sino-Singapore joint projects in the Singapore National Pavilion. The Commercial Pavilion will witness the participation of 18 companies from the food and beverage, professional services and healthcare industries.
Mr Antonio Wong, General Manager of DBS Bank (China) Limited, Nanning Branch, said “CAEXPO has been an attractive show which we have been participating since the past few years. It is an effective platform for us to meet more business partners."
A Singapore Day Seminar will be held on 19 September 2015 with speakers from the Monetary Authority of Singapore, International Enterprise (IE) Singapore, Economic Development Board and the Intellectual Property Office of Singapore, as well as professional companies, providing insights into Singapore’s macro business environment. The seminar will also feature Singapore as an important hub in the 21st Century Maritime Silk Road and as a gateway to ASEAN and the regional markets.
These events will culminate in the Singapore-Guangxi Networking Dinner which provides a networking platform for some 170 Singapore delegates and Guangxi government officials and business leaders.
The China-ASEAN Expo (CAEXPO) is co-sponsored by the Chinese government and 10 ASEAN countries and ASEAN Secretariat. Creating a multi-dimensional cooperation since 2004, CAEXPO is an international trade event held annually in Nanning, Guangxi, China. The event is well received by both political and business communities of China and ASEAN, and serves as an excellent platform for bilateral cooperation in the fields of trade, investment and tourism.
Last year, the 11th CAEXPO was attended by 58,000 trade visitors from around the world and garnered a total trade volume of approximately US$1.9 billion.