Singapore to attend Silk Road summit

business April 22, 2017 01:00

By THE STRAITS TIMES
ASIA NEWS NETWORK
BEIJING

SINGAPORE is sending a delegation to a summit hosted by China next month on its new Silk Road plan.



Lawrence Wong, Minister for National Development and Second Minister for Finance, will be leading the delegation to the Belt and Road Forum for International Cooperation on May 14 and 15, the Ministry of National Development said.

Singapore has a venture in Chongqing city that has been designated a priority demonstration project for the Belt and Road initiative: the China-Singapore (Chongqing) Connectivity Initiative, which was launched by Prime Minister Lee Hsien Loong and Chinese President Xi Jinping in November 2015.

“Singapore looks forward to deepening our cooperation with China and other countries along the Belt and Road in the areas of infrastructure development, finance and project management, as well as human resource development,” the ministry said in a statement on Thursday.

Xi had proposed the ambitious Belt and Road initiative (BRI) in 2013 to build land and sea trade routes linking Asia, Africa and Europe, based on ancient trade routes. The land route runs through China and Central Asia to Europe. The sea route runs through Southeast Asia to South Asia, Africa, the Middle East and Europe.

Under the landmark programme, billions of dollars will be invested in infrastructure projects including railways, ports and power grids in countries along the routes.The summit next month to drum up world support for the initiative will be attended by 28 heads of states. The Asean leaders attending include Malaysian Prime Minister Najib Razak, Indonesian President Joko Widodo, Philippine President Rodrigo Duterte and Myanmar State Counsellor Aung San Suu Kyi.