Singapore companies head to Shandong province on business mission

SINGAPORE - Trade agency International Enterprise (IE) Singapore is organising a business mission to three major cities in China's Shandong Province from Tuesday to Wednesday.

The mission, which is aimed at helping Singapore companies expand into China, will be joined by Mr Teo Ser Luck, Minister of State (MOS) for Trade and Industry and co-chairman of the Singapore-Shandong Business Council (SSBC).

The 20-member business delegation will visit the cities of Qingdao, Rizhao and Yantai.

Led by Mr Seah Moon Ming, chairman of IE Singapore, the delegation is made up of company and association representatives from the logistics, manufacturing, oil and gas, and professional services sectors. This is Mr Seah's first business mission after being appointed to the role in January this year.

The mission is a follow-up to the SSBC's commitment to deepen Singapore-Shandong economic relations through new sector opportunities during the 17th SSBC meeting, which took place in Singapore last September.

IE Singapore is the Singapore secretariat for the Council.

Fast-growing cities Yantai and Rizhao are looking to develop new sectors including clean energy like LNG, IE Singapore said.

On their part, Singapore companies are keen to play a part in providing services like terminal construction and operations, storage and distribution for the LNG eco-system and applications.

The delegation is also scheduled to meet Qingdao mayor Zhang Xinqi, Rizhao party secretary Yang Jun, Yantai mayor Meng Fan Li and senior Shandong officials during the trip.

On Tuesday, Mr Teo and Mr Seah will be attending the inauguration ceremony of the Singapore Chamber of Commerce and Industry Shandong Chapter, which will facilitate business and networking opportunities for Singapore and Shandong companies.

The two will join Emeritus Senior Minister Goh Chok Tong on his official visit to Shandong from Friday.