Singapore and China signed an MoU in Beijing, China to promote greater collaboration between Singapore and Chinese companies in third-party markets along the Belt and Road.
Under the MOU, the Ministry of Trade and Industry (MTI), NDRC (China’s lead agency for BRI) and Enterprise Singapore will form a working group to identify sectors and markets of mutual interest, and organise business matching activities and forums to facilitate third-party market cooperation between Singapore and Chinese companies along the Belt and Road.
Source- The Business Times
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- The Belt and Road Initiative (BRI) is a mega project initiated by China to connect countries across Europe, Africa and Asia together via ancient land and sea trade routes.