China and Singapore complete negotiations on the escalation of the free trade agreement between the two countries

China and Singapore complete negotiations on the escalation of the free trade agreement between the two countries

The completion of the China-Singapore FTA upgrade negotiations marks an important step forward in the bilateral economic relations between China and New Zealand. This upgrade demonstrates our shared commitment to broader economic cooperation and trade liberalization.

In 2017, Sino-Singapore bilateral trade totaled S$137.1 billion (about 685.5 billion yuan). China is Singapore's largest trading partner. Singapore has been China's largest source of foreign investment for five consecutive years since 2013.