Singex Signs MOU with Chongqing Foreign Trade and Economic Relations Commission

Singex Group, manager of the Singapore EXPO Convention and Exhibition Centre, will today sign a Memorandum of Understanding (MOU) with Chongqing Foreign Trade and Economic Relations Commission (COFTEC) of Western China during its roundtable seminar at Shangri-La Hotel, Singapore.

The MOU brings Singex and COFTEC into a strategic alliance to promote China Chongqing International Investment and Global Sourcing Fair (CCISF), and its related investment activities.

To be held at Chongqing International Expo Centre (CQIEC) from 16 to 19 May 2013, CCISF serves as a gateway for domestic and foreign enterprises seeking trade and investment opportunities with China’s inland provinces.

Both Singex and COFTEC will leverage on each other’s networks, exchange MICE industry-related and regional market information, cross promote each other’s trade events, organise enterprise exchange visits to promote bilateral cooperation between Chongqing, Western China and Singapore in the finance, manufacturing, trade and tourism sectors.

This MOU rides on the recent collaborative agreements between Singex and Yuelai Investment & Development Co. Ltd (Yuelai), the company behind CQIEC and also the China Council for the promotion of International Trade (CCPIT).

The MOUs with Yuelai and CCPIT allow the parties to explore collaborative opportunities in key areas like the management of CQIEC; development of business events; exchange of resources and information; and attracting exhibitors and delegates to business events.

“The signing of our third MOU with Chongqing in less than two months marks just how quickly we would like to help develop and grow the MICE industry in Western China and establish suitable event platforms to bolster trade and investment flows between ASEAN and Western China,” said Mr Aloysius Arlando, Singex’s Chief Executive Officer. “Through our continuous engagements with various government agencies, we are constantly on the lookout for ways to value-add, and deepen our ties with our Chongqing partners, including the co-creation of events like the Singapore-Chongqing Showcase.”

The Showcase, the first joint event for Singex and Yuelai will be a platform for corporations and trade bodies in Southeast Asia to learn about business opportunities in Chongqing and Western China. Companies will be able to exchange information, gather insights and establish opportunities for business forays into Chongqing and the Western China region. The Showcase is scheduled for August later this year.