On April 1, witnessed by the Premier of the State Council Li Qiang and Prime Minister Lee Hsien Loong of Singapore, Minister of Commerce Wang Wentao and Gan Kim Yong, Minister for Trade and Industry of Singapore jointly signed the Memorandum of Understanding between the Ministry of Commerce of the People’s Republic of China and the Ministry of Trade and Industry of Singapore on announcing the substantive completion of the follow-up negotiations on the China-Singapore FTA upgrade, confirming the substantive completion of the follow-up negotiations on the FTA upgrade between the two countries. The teams of both sides will continue their follow-up work, such as legal scrub and translation of the text, complete their respective domestic procedures so as to sign the agreement as soon as possible.