A brief introduction to the Bilateral Council for the Promotion of Investment fr
[2008-12-23 16:53:31]
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Established May 18, 2005 Objectives: To outline China's investment environment and policies on foreign investment; to help Singaporean enterprises in China avoid difficulties and create a favorable business environment for them; to facilitate Chinese investment in Singapore. Organizations: The China Council (China-Singapore Council for the Promotion of Investment) will be chaired by the Chinese Minister of Commerce and made up of relative bodies directly under the State Council of China and the Embassy of the People's Republic of China in the Republic of Singapore (the Economic and Commercial Counsellor's Office). The Singapore Council (Singapore-China Council for the Promotion of Investment) will be chaired by the Singaporean Minister of Trade and Industry and made up of relative bodies of Singaporean Government and the Singapore Embassy in Beijing (Commercial Section). A Secretariat will be established in both councils for daily contact. A senior official from the Department of Foreign Investment Administration of the Chinese Ministry of Commerce will be appointed the Secretary-General of the China Council. A senior official from the International Business Development Directorate of the Singaporean Ministry of Trade and Industry will be appointed the Secretary-General of the Singapore Council. Missions: 1) To promote the sound development of bilateral investment. 2) To increase bilateral investment in line with the industrial policies of both countries. 3) To solicit investors' comments on investment policies and environment and advance policies, laws and regulations encouraging foreign investment to improve the investment environment constantly. 4) To attract more Singaporean enterprises to invest in old industrial bases in China's central, western and northeastern regions. 5) To encourage Chinese enterprises to invest in Singapore and take Singapore as a springboard to global markets by availing themselves of Singapore's strategic geographical location, marketing network and logistics network 6) To solve common investment problems and investors concerns through bilateral coordination and cooperation Generally, a joint conference will be held twice a year to allow for an exchange of views on bilateral investment. The conference will be held in China and Singapore alternately. In principle, it will be chaired by chairmen from both councils. When the chairmen cannot attend the conference, it can be chaired by vice ministers supervising the investment affairs with the authority of the chairmen. |
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Source:Ministry of Commerce of the People's Republic of China (Tr) |
Source: 中华人民共和国商务部 面向希望与中国做贸易往来的新加坡公众或企业
Keywords:Policy; import taxes;
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