China and Singapore Free Trade Agreement Upgrade Protocol enters into force

　　According to Sunny worldwide’s logistics colleagues, on October 15, Han Zheng and the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State CouncilSingaporeVice Premier Wang Ruijie jointly announced at the China-Singapore bilateral cooperation mechanism meeting that "The Protocol of the Government of the People's Republic of China and the Government of the Republic of Singapore on the Upgrade of the Free Trade Agreement" (hereinafter referred to as the "Upgrade Protocol") will be held on October 16, 2019. Effective.

　　The Upgrade Protocol is in the originalNew Free Trade Agreement Rules of OriginThe six areas of customs procedures, trade facilitation, trade relief, service trade, investment, and economic cooperation have been upgraded, and three areas of e-commerce, competition policy, and environment have been added. The two sides agreed that the adjustment of the rules of origin involved in the Upgrade Protocol will be implemented on January 1, 2020.

　　  The upgrade of the China-Singapore Free Trade Agreement is an important measure to implement the important consensus of the two heads of state and enrich and enrich the all-round cooperative partnership between the two countries. On the basis of mutual benefit and win-win results, the two countries have reached a high-level free trade agreement in a wide range of fields and established inter-country developments with large differences in scale.work togetherThe model is a milestone in the history of economic and trade development between the two countries. After the entry into force of the "Upgrade Protocol", it will help promote greater development of bilateral economic and trade relations and continuously enhance the well-being of enterprises and people of both countries.