Author Topic: Belt and Road Initiative a focal point for Singapore's ties with China  (Read 436 times)

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Belt and Road Initiative a focal point for Singapore's ties with China
Apr 8, 2018, 9:00 am SGT
Danson Cheong
China Correspondent

https://www.straitstimes.com/asia/east-asia/bri-a-focal-point-for-spores-ties-with-china

BEIJING China's Belt and Road Initiative (BRI), a mega project to revive ancient land and sea trade routes and link the country to Europe, Africa and Asia, will be a focal point in its relationship with Singapore, Prime Minister Lee Hsien Loong has said.

This was agreed on by both countries, he told the Communist Party's official People's Daily newspaper in an interview published today.

"The (BRI) will benefit many countries that need more and better infrastructure. It is also compatible with keeping the regional architecture and international system open and inclusive," Mr Lee added.

He also noted that Singapore is an "early and strong supporter" of the BRI.

The initiative, mooted by Chinese President Xi Jinping in 2013, aims to build infrastructure such as roads, railways, ports and industrial hubs to connect about 65 countries.

Mr Lee said Singapore and China have identified four major areas of cooperation: infrastructure connectivity, financial connectivity, joint collaboration to help other BRI countries, and offer of services to resolve cross-border commercial disputes.

Singapore is well placed to support the BRI, he added, citing its position as a global financial centre and one of the largest offshore yuan centres in the world.

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It will also create a direct connection between the overland Silk Road economic belt and the 21st-century maritime Silk Road, he added, referring to the two trade routes under the BRI.

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