UKTI Market Briefing Singapore

7/21/2019 UKTI Market Briefing Singapore

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Singapore MarketSingapore Market

Presentation Pack Presentation Pack

SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/uktiContact:

mailto:[email protected]









A REGIONAL HUBA REGIONAL HUB

FOR SOUTH EAST ASIAFOR SOUTH EAST ASIA

ASEAN – world’s largest trading entity

Combined SE Asia (SEA) GDP - US$ trillion

Po!"lation o# SEA – %% million (moret&an t&e EU' t&e #ormer Soiet Union'S Ameria * t&e +iddle East)

SEA bigger e,!ort maret #or t&e U.t&an t&e G"l#' C&ina' /ndia or 0ra1il

Singa!ore’s trade is 2 times its GDP(3%4 are re-e,!orts)





A MAJOR TRADING ROUTEA MAJOR TRADING ROUTE5orld’s nd largest ontainer !ort6al# o# t&e world’s !o!"lation wit&in 7 &o"rs’ #lig&t7'%%% +NCs8 %4 wit& regional9global 6: #"ntions

India: 1.1billion

SE Asia: 59 !illion

A"s#$alasia: %5 !illion

&'ina: 1.( billion





ENGINES OF GRO)THENGINES OF GRO)TH

Man"*a+#"$in,• C&emials• Eletronis

• Preision engineering

• 0iomedial sienes

• Aeros!ae9+;<

D--lo/!-n#s• +etro (U.=/ 6><)

• ?arge b"s tenders

• New air!ort terminal

• New Port * terminals

• S!orts 6"b

S-$i+-s• ?ogistis• Cons"mer b"sinesses

• /n#oomms * media

• @inanial series

• Pro#essional series

•

Ed"ation series• +aritime * !ort

series

N-0 a$-as• Enironmental

te&nologies

• Clean energy

• Digital media

• 0iote&nology

•

6ealt&are series

GD=otal8 US$7 billionPer a!ita US$%'7B3

Growt& in %BB8 34





U2 IN SINGAOREU2 IN SINGAORE

3#' la$,-s# *o$-i,n in-s#o$

• 7%% om!anies

• 2'%%% 0ritis& residents

• 33%'%%% U. to"rist arrials in %BB

•U.’s largest trading !artner in SEA

•B3t& largest e,!ort destination in %B% 8 7B billion•U.’s Bt& largest goods maret o"tside EU (%BB)

•U.’s t& largest series maret o"tside EU (%B%)





)H4 SINGAORE)H4 SINGAORE

F B in Ease o# Doing 0"sinessnd most !rotetie /P regime in t&e world and to! in AsiaPro-b"siness enironment' !olitial stability

.ey legal and #inanial &"bEnglis& is t&e lang"age o# b"siness * ed"ation5ell ed"ated and disi!lined wor #ore

=rans!arent !ro"rement' low orr"!tion * rime<ne o# t&e lowest or!orate ta, rates in t&e world (B4)@ew restritions on #oreign om!anies

Global' o!en eonomy' wit& #ew entry barriersStrong lins to C&ina' /ndia' and ot&er &ig& growt& marets

F B in Ease o# Doing 0"sinessnd most !rotetie /P regime in t&e world and to! in AsiaPro-b"siness enironment' !olitial stability

.ey legal and #inanial &"bEnglis& is t&e lang"age o# b"siness * ed"ation5ell ed"ated and disi!lined wor #ore

=rans!arent !ro"rement' low orr"!tion * rime<ne o# t&e lowest or!orate ta, rates in t&e world (B4)@ew restritions on #oreign om!anies

Global' o!en eonomy' wit& #ew entry barriersStrong lins to C&ina' /ndia' and ot&er &ig& growt& maretsU. Singa!ore Eonomi and 0"siness Partners&i! signed in %BB





RE&ENT SU&&ESSES;olls-;oye sets "! its #irst engine assembly line and #an blade !lant o"tside U.

B7 million U. s"esses on +etro !roets in Singa!ore oer last BH mont&s

%% million Gardens by t&e 0ay - 0ritis& design team led by Grant Assoiates

Standard C&artered’s largest trading #loor o!ens in Singa!ore

/<+ (/nstit"te o# <"!ational +ediine) la"n&ed in Se!t %B

Serio"s Games /nstit"te Deelo!ment Centre set "! to a!!ly adaned gamete&nologies #or &ealt&are' to"rism' ed"ation

?egal setor liberalisation res"lts in oer 2% U. law #irms in Singa!ore

/m!erial College I> #or Singa!ore’s 2rd medial s&ool to o!en in %B3

Sid&il #inds distrib"tor t&ro"g& o"r series and e,&ibits t&eir &os!ital beds at+edial @air Asia





LET US HEL 4OU6

Do "se o"r series to deelo! a maret entry strategy s"itable #or yo"r!rod"t9serie' and grow yo"r b"siness in Singa!ore8

5e an &el! to8

• ;esear& t&e maret #or yo"r !rod"t9serie• /denti#y om!etition and t&e maret !otential• Aess t&e rig&t ontats• /denti#y !otential !artners and "stomers• /ntrod"e yo"r om!any to t&em' and ga"ge interest• <rganise meetings' seminars' !rod"t la"n&es• Understand loal reg"lations and standards

• Adise on t&e b"siness "lt"re in Singa!ore

Sin,a/o$- 7 #'- la"n+' /ad #o So"#' Eas# Asia





THAN2 4OU6

UNCLASSIFIED

Documents

UKTI Market Briefing Singapore