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: Singapore and Sichuan to foster more collaborations in the green economy as bilateral trade reach all-time high of US$2.7 billion

MR No.: 028/23

Economic ties between Singapore and Sichuan saw robust growth amid global volatilities, with bilateral trade growing by 38.9% year-on-year, reaching an all-time high of US$2.7 billion in 2022. Last year, Singapore was also Sichuan’s largest foreign investor, with cumulative actual investments of about US$4.2 billion across 737 projects.

Against this backdrop, the 23rd Singapore-Sichuan Trade and Investment Committee (SSTIC) meeting was held in Chengdu, Sichuan today, to explore more business collaborations. The meeting was co-chaired by Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry and Mr Yang Xingping, Sichuan Vice Governor. Mr Huang Qiang, Sichuan Governor, who is the Sichuan Advisor for the SSTIC, was also present. This was the first in-person Provincial Business Council meeting to be held in China since the COVID-19 pandemic.

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