The CCI is the third Government-to-Government project between Singapore and China, launched on 7 November 2015 during President Xi Jinping’s State Visit to Singapore. Following the official launch of the CCI, both sides have established a three-tier structure to implement the project:
Based on the theme of “Modern Connectivity and Modern Services”, the project will focus on the four priority areas of collaboration: (a) financial services; (b) aviation; (c) transport & logistics; and (d) information and communications technology (ICT). The CCI project aims to strengthen connectivity and collaborations with other cities in Western China, allowing Singapore companies to leverage Chongqing as a base to expand their presence to other parts of China.
The CCI – International Land Sea Trade Corridor (CCI-ILSTC) is a key project under the CCI to facilitate the two-way flow of goods between Western China (via Chongqing) and Southeast Asia (via Singapore). The CCI-ILSTC offers a shorter and more direct route which significantly reduces the time needed to transport goods between Chongqing and Singapore to about a week, translating to time savings for companies.
The SSTIC was formed in May 1996 to strengthen economic cooperation between Singapore and Sichuan. Minister for Manpower and Second Minister for Trade and Industry Dr Tan See Leng and Vice-Governor Li Yunze are the Co-Chairmen of the SSTIC.