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: Singapore and Shanghai reaffirm strong ties and broaden cooperation at first physical business council meeting in Singapore since COVID-19

MR No.: 018/23

Economic ties between Singapore and Shanghai continued to grow, with two-way trade in 2022 increasing by 8% to reach nearly S$20 billion. To expand on this and foster deeper collaborations between the two cities, 15 agreements across wide-ranging areas were inked at the 4th Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting held today. This is the first physical Provincial Business Council (PBC) meeting between Singapore and China since the COVID-19 pandemic, and the first SSCCC meeting hosted in Singapore.

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