SBF leads business mission to 13th CAEXPO to promote Singapore as a hub for the 21st century Maritime Silk Road and modern connectivity
- The Singapore Day Seminar highlights Singapore as a connectivity hub and a partner of choice for third-country collaborations
- Thirty-six companies and eight trade associations showcase Singapore’s expertise and services
The 13th CAEXPO is themed “Building the 21st Century Maritime Silk Road, Forging an Even Closer China-ASEAN Community of Common Destiny” as 2016 marks a significant milestone for China and ASEAN. It is the 25th anniversary of China-ASEAN dialogue relations and the ASEAN Economic Community moves into its first year.
China has been ASEAN’s largest trading partner for seven consecutive years. Trade has grown at 18.5 percent annually, from $7.9 billion in 1991 to $472 billion in 2015. The economic collaboration between China and ASEAN deepened further last year when an agreement was signed to expand trade in the China-ASEAN Free Trade Area, with a target of $1 trillion in total bilateral trade by 2020.
Mr S S Teo, Chairman of SBF, who is in Nanning, said, “Guangxi, where CAEXPO is held, is an increasingly important regional gateway between China and ASEAN. It is in close proximity to ASEAN countries and forms an important node connecting the Silk Road Economic Belt and the 21st century Maritime Silk Road. Through this mission, we hope to help businesses better understand and participate in the “One Belt, One Road” initiative, and showcase Singapore’s strengths as a modern connectivity hub to investors from China and the region.”
At CAEXPO, SBF will be managing the Singapore national pavilion themed “Singapore – 21st century Maritime Silk Road and Modern Connectivity Hub”. Featuring 25 Singapore companies, the pavilion showcases Singapore’s strengths and experience in hospitality and tourism, info-communication technology, infrastructure, professional services and transportation, as well as the three China-Singapore government-to-government projects. In the Commercial Pavilion, a total of 11 companies and eight trade associations and chambers are featured.
A Singapore Day Seminar will be held on 12 September morning, featuring speakers from the International Enterprise (IE) Singapore, Economic Development Board, Singapore Tourism Board, Beibu Gulf-PSA International Container Terminal Co. Ltd, as well as professional companies, providing insights into Singapore’s strengths in arbitration, finance, and logistics. The seminar promotes Singapore as an important hub on the 21st century Maritime Silk Road and as an essential gateway to ASEAN and the regional markets.
CAEXPO, co-sponsored by China and the 10 ASEAN countries, has been held for 12 consecutive years since 2004. It serves as an international economic and trade event to promote economic cooperation between ASEAN and China through activities such as investment promotion seminars and trade exhibitions.