20 December 2022
On 25 November 2022, the Ministry of Communications and Information (“MCI”) and the Info-communications Media Development Authority of Singapore (“IMDA”) announced the signing of eight Memoranda of Understanding (“MOUs”) and unveiled 14 new joint projects under the Singapore-China (Shenzhen) Smart City Initiative (“SCI”).
Co-chaired by Permanent Secretary for Communications and Information Joseph Leong, and Mayor of Shenzhen Municipal People’s Government Qin Weizhong, the Third Joint Implementation Committee meeting reported a doubling of the number of new joint projects compared to the previous year, as the SCI enters its third year of implementation. These new projects seek to deepen the ongoing collaboration between Singapore and Shenzhen in enabling digital transformation and policy innovation and create new opportunities for businesses and people in research and innovation, trade, sustainability, and talent development.
One of the key areas of cooperation in the past year has been the facilitation of digital trade through the use of electronic bills of lading. IMDA’s current TradeTrust pilot is to be expanded with live commercial transactions involving banks, shippers, and other partners, paving the way for full digitalisation of the trade supply chain and bringing the benefits of faster and more secured digital trade transactions.
The 14 new joint projects reflect the transformative role of digital technologies across the SCI’s focus areas of digital connectivity, talent exchange and development, innovation and entrepreneurship. Notable projects feature the use of advanced technologies and artificial intelligence for the green economy and sustainability, such as reducing carbon dioxide emissions to the atmosphere, and enhancing battery management for electric vehicles.
The following materials are available on the IMDA website www.imda.gov.sg: