BEIJING (ANN): Singapore and China have inked an agreement to deepen legal cooperation, including the setting up of a new vice-minister level platform between the two sides which will meet once every two years.
Law and Home Affairs Minister K. Shanmugam, who is in Guangzhou for a global legal forum, signed the deal with his Chinese counterpart, Minister for Justice Fu Zhenghua in the southern Chinese city on Monday .
The deal signed on Monday covers several areas, including on strengthening the rule of law, international commercial dispute resolution, and the administration of the legal profession. "With the development of the Greater Bay Area and the BRI, more Chinese companies are becoming international. They are investing in projects overseas. Their legal and dispute resolution needs will grow. They present new opportunities for us to work together," he said.
In Western countries, the rule of law has made possible economic progress and political stability by ensuring, among other things, protection of property rights, business certainty, equality and accountability before the law, due process, and an impartial delivery of justice, said Shanmugam.
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