How will Singapore benefit from BRI?

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How will Singapore benefit from BRI?

Singapore recognises the multitude of benefits the BRI would bring to Singapore, the Association of Southeast Asian Nations (“ASEAN”) and Asia at large, as the BRI drives and leads to greater regional economic integration through the promotion of greater trade and investment flows along the improved infrastructure …

What are the motives or purposes for China government to initiate BRI?

These interests include state sovereignty, national security, territorial integrity, protecting China’s social stability and political system, and, finally, ensuring continued economic and social development. Three key motivations for the BRI are discerned, closely related to these core interests.

What can Singapore contribute to the Obor Forum?

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National Development Minister Lawrence Wong, who was in Beijing to attend the recently concluded two-day OBOR forum, told reporters on Tuesday (May 16) that Singapore can contribute towards financing projects, as well as provide expertise in infrastructure planning.

What are the risks for Singaporean companies doing business in Obor?

Singaporean companies that plan to do business in the key nodes of the OBOR, especially those in Central and West Asia, should also note the political risks they could face, Prof Chung of NUS said. “Some countries are prone to military coups where foreign assets and investments have been confiscated after the armed forces took power.

Could the Obor be a double-edged sword for Singapore?

Dr Lim agreed that the OBOR could be a double-edged sword for Singapore. “Singapore’s role as a trans-shipment hub could be enhanced by increased trade arising from the better connectivity brought about by the Belt and Road scheme,” he said.

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Is Obor the right platform for Singapore’s economic diplomacy with China?

If the CCI is successful, Singapore can have a leg in both maritime as well as overland routes of OBOR,” explained Dr Lim, who is an adjunct research fellow with NUS’ East Asian Institute. “In this sense, the OBOR initiative is the right platform for Singapore to conduct its economic diplomacy with China.