November 23, 2023
The “China (Guangdong Yunfu) RCEP Industrial Cooperation Conference, co-organized by China-ASEAN Business Council, RCEP Industry Cooperation Committee and Yunfu Municipal People’s Government of Guangdong Province, China, took place in Yunfu City on November 8, 2023.
SBMSA President Ng Soy Ng was invited to attend and deliver a speech introducing the current situation of the construction industry in Singapore and potential cooperation opportunities. He was accompanied by Vice President Ng Swan Meen and Asst Hon. Secretary Kris Yue Ling.
RCEP, the Regional Comprehensive Economic Partnership, is a free trade zone jointly established by 10 ASEAN countries and five other nations, including China, Japan, South Korea, Australia, and New Zealand, in 2020. The RCEP Industrial Cooperation Committee was formed in 2021, and SBMSA is honored to have been invited as one of its members.
The conference, attended by as many as 300 political leaders and representatives of private chambers of commerce, aimed to promote industrial collaboration in the RCEP region and facilitate trade and investment cooperation among enterprises.
Before the conference, the RCEP Industrial Cooperation Committee held its fourth meeting, where representatives from various countries discussed and exchanged views on the current economic situation and regional cooperation issues.
In addition to the official proceedings, the organizers arranged visits to the inaugural Yunfu (Emerging) Metal Manufacturing Industry and Stainless-Steel Kitchenware Expo, local Wenshi Food Group, Zen Culture and Creative Industry Park. The hospitality extended to us was meticulous and comprehensive.
During their spare time, the team visited various stone enterprises and Yunfu Stone Industry Association, and experienced firsthand the rich history of Yunfu, boasting more than 400 years and over 6,000 stone enterprises of various sizes. Yunfu is rightfully recognized as the “Stone Capital of China.”
On the same day, Yunfu authorities organized a symposium, bringing together nearly 20 leaders of leading enterprises under the Stone Association. The symposium highlighted the current state of the Yunfu stone industry and expressed the mutual willingness of Yunfu and Singapore to collaborate in stone procurement and various future projects.
