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1st LD: China, Singapore agree to lift ties, upgrade FTA

Xinhua, November 6, 2015 Adjust font size:

China and Singapore agreed on Friday to redefine their ties as a partnership of all-round cooperation keeping with the times during Chinese President Xi Jinping's visit to the city-state.

The two countries also decided to launch negotiations on an upgrade of a seven-year-old free trade agreement.

The decision was announced after a meeting between Xi and his Singaporean counterpart, Tony Tan Keng Yam.

It was Xi's first visit to Singapore as Chinese president. This year marks the 25th anniversary of the establishment of diplomatic ties between the two countries.

China-Singapore cooperation has become wide-ranging and multi-faceted over the past 25 years, with two-way trade and personnel exchanges jumping by 28 times and 25 times, respectively.

According to data from China's customs, China is now Singapore's biggest trading partner with two-way trade hitting 79.74 billion U.S. dollars in 2014. Endi