The China-Singapore Cooperation Service Trade Innovation Forum, a sub- forum of the fifth Hongqiao International Economic Forum, was held in Suzhou on Sunday. This is the only sub-forum with the theme of service trade among the 24 sub forums, and also the first sub-forum held outside Shanghai.
With the theme of "New Dynamics of Digital Global Service Trade", the China-Singapore Cooperation Service Trade Innovation Forum was jointly hosted by the Ministry of Commerce and the Government of Jiangsu.
China-Singapore cooperation projects, industrial innovation cluster projects and integration projects were signed at the opening ceremony.
Jiangsu is the province with the closest economic and trade cooperation with Singapore, and its import and export of service trade remains the national leader.
The 28-year-old Suzhou Industrial Park is the first flagship project of cooperation between the governments of China and Singapore.
As the main position of China Singapore cooperation, Suzhou Industrial Park will explore a new path for high-quality development of service trade by giving full play to the role of China Singapore Free Trade Agreement, bilateral cooperation mechanism, deepening cooperation in software information, financial services, and cross-border data flow.
Sun Yangcheng, Member of the Party Working Committee and Deputy Director of Suzhou Industrial Park Administration, Deputy Director of Suzhou Free Trade Zone Administration
We will increase cooperation with Singapore,better attract international high-end resources for optimal allocation,form a synergistic effect,and explore relevant international rules regulatory management and standards for institutional opening,so as to provide local experience for the country to build a trade power.
As an important platform for communication, exchange and cooperation in global service trade, the China-Singapore Service Trade Forum conducted a high-quality, international and professional discussion around international economic and trade rules, the construction of pilot free trade zones, and cutting-edge hot topics in the opening up of the service industry.
The forum also released the research results of cross-border flows, combined with the classification of cross-border data and transmission compliance, to provide "first experience" for local governments to do a good job in cross-border data transmission management and services.
Gao Yanli, Chief Expert of China Academy of Information and Communication
For example, the innovation of new scenarios such as biomedical finance will create a public service platform for cross-border data services.The platform is the carrier of services and the transmission channel.Only with this combination of hardware and software can better services be provided.
