Government of Singapore : IE SINGAPORE'S MEDIA RELEASE ON 18TH SEPTEMBER 2012 - MINISTER HENG SWEE KEAT TO CO-CHAIR 6TH SINGAPORE-JIANGSU COOPERATION COUNCIL MEETING IN TAIZHOU

M E D I A S T A T E M E N T

MINISTER HENG SWEE KEAT TO CO-CHAIR 6TH SINGAPORE-JIANGSU COOPERATION COUNCIL MEETING IN TAIZHOU MR No.: 037/12 Singapore, Tuesday, 18 September 2012

1. Mr Heng Swee Keat, Minister for Education, will be leading a business delegation to the cities of Nanjing, Taizhou and Wuxi, Jiangsu province from today until 21 September. On 20 September, Minister Heng will co-chair the sixth Singapore-Jiangsu Cooperation Council (SJCC) meeting with Jiangsu Governor Li Xueyong. The meeting will review cooperation initiatives in the past year, and discuss new collaboration areas in the coming year. 15 company signings will take place during the meeting. Mr Teo Ser Luck, Minister of State (MOS) for Trade and Industry, who is the Vice Co-Chairman of SJCC, is also on the trip.
2. The four-day business mission is organised by International Enterprise (IE) Singapore, the Singapore secretariat for the SJCC. The delegation comprises 55 government officials and business representatives from the environmental services, infrastructure services, logistics, nano technology, education, vocational and technical education, F&B and retail sectors. Minister Heng and MOS Teo are scheduled to meet Jiangsu Party Secretary Luo Zhijun, Jiangsu Governor Li Xueyong, Jiangsu Vice Governor Zhang Weiguo, Nanjing Party Secretary Yang Weize, Nanjing Mayor Ji Jianye and Wuxi Party Secretary Huang Lixin. Minister Heng will also be visiting Nanjing University.
3. In 2011, Singapore's actual investments in Jiangsu increased 54% to hit S$2.5 billion1
(US$2 billion), making Singapore the fourth largest investor in the province. As of end

1 Converted to SGD based on https://secure.mas.gov.sg/msb/ExchangeRates.aspx

International Enterprise Singapore is the lead government agency driving Singapore's external economy.

IE Media Statement 18 Sep'12

2011, cumulative actual investments in Jiangsu were S$23.6 billion2 (US$18.8 billion)
with over 3,600 projects3. Bilateral trade increased 23% to hit S$14.8 billion4 (US$11.8 billion) in 2011, which ranked Singapore as Jiangsu's 10th largest trading partner5.

Annex 1: Chinese terms

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About International Enterprise Singapore

International Enterprise (IE) Singapore is the government agency driving Singapore's external economy. We promote international trade and spearhead the overseas growth of Singapore-based companies to grow Globally Competitive Companies.
IE Singapore attracts global commodities traders to establish their home base in Singapore. Today, Singapore is a thriving trading hub for the energy, agri-commodities and metals & minerals trading clusters.
Through our Global Company Partnership, we work with Singapore-based companies to customise total solutions in capability building, market access and financing for their internationalisation.
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Visit www.iesingapore.com for more information.

2 Converted to SGD based on https://secure.mas.gov.sg/msb/ExchangeRates.aspx

3 Source: Jiangsu Statistics Bureau, Jiangsu DOFTEC

4 Converted to SGD based on https://secure.mas.gov.sg/msb/ExchangeRates.aspx

5 Source: Jiangsu Statistics Bureau, Jiangsu DOFTEC

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IE Media Statement 18 Sep'12

About Singapore-Jiangsu Cooperation Council

The Singapore-Jiangsu Cooperation Council (SJCC) was officially launched on 1
November 2007. Mr Heng Swee Keat, Singapore Minister for Education and Mr Li Xueyong, Jiangsu Governor are Co-Chairmen of the Council. Mr Teo Ser Luck, Minister of State for Trade & Industry and Mr Zhang Weiguo, Jiangsu Vice Governor, assumed the
positions of the Vice Co-Chairmen of SJCC and are assisting the two Chairmen in work
relating to the council.
The Council aims to promote cooperation between Singapore and Jiangsu Province beyond economic areas, including training, tourism and education exchanges. It is formed by political leaders, government officials and private sector representatives from Singapore and Jiangsu.
The scope of cooperation includes:

Partner Area