Singapore and China's Guangdong province signed an agreement on 18 November 2019 to boost collaboration in various areas including innovation and intellectual property. Singapore’s Minister Ong Ye Kung and Guangdong Governor Ma Xingrui pledged to open more avenues for cooperation in the Greater Bay Area (GBA) through an upgraded Singapore-Guangdong Collaboration Council (SGCC) agreement. The GBA is a mega economic zone that includes nine Chinese cities in the southern Guangdong province, Hong Kong and Macau. Within this area, collaborations between Singapore and China are anchored by two key projects—one being the Guangzhou Knowledge City.
With more high-tech and innovative investments entering Guangzhou, there is demand for a `one-stop’ international platform for IP innovation services. IPOS International, represented by its Chairman, Mr Daren Tang, signed a tripartite agreement with the Sino-Singapore Guangzhou Knowledge City Administrative Committee and the China-Singapore Guangzhou Knowledge City (CSGKC, formerly known as SSGKC) to continue collaboration to develop the broader intellectual property ecosystems between both countries. The China-Singapore International Intellectual Property Innovation Service Centre was also officially launched at a plaque unveiling ceremony.
The upgraded SGCC agreement marks out six areas of cooperation moving forward. These are innovation, intellectual property (IP), trade and investments, talent strategies, financial services and smart cities. Singapore firms and their partners also signed a record 19 agreements at the annual council meeting, being keen to tap into the growth opportunities in Guangdong.