Singapore Market Presentation Pack SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
A REGIONAL HUB FOR SOUTH EAST ASIA ASEAN – world’s largest trading entity Combined SE Asia (SEA) GDP - US$2 trillion Population of SEA – 600 million (more than the EU, the former Soviet Union, S America & the Middle East) SEA bigger export market for the UK than the Gulf, China, India or Brazil Singapore’s trade is 3 times its GDP (40% are re-exports) SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
A MAJOR TRADING ROUTE World’s 2 nd largest container port Half of the world’s population within 7 hours’ flight 7, 000 MNCs: 60% with regional/global HQ functions China: 1. 3 billion India: 1. 1 billion SE Asia: 590 million Australasia: 25 million SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
ENGINES OF GROWTH Services Manufacturing • • • Chemicals Electronics Precision engineering Biomedical sciences Aerospace/MRO Developments • • • New areas Logistics Consumer businesses Infocomms & media Financial services Professional services Education services Maritime & port services Metro (UKTI HVO) Large bus tenders New airport terminal New Port & terminals Sports Hub SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk • Environmental technologies • Clean energy • Digital media • Biotechnology • Healthcare services GDP Total: US$267 billion Per capita US$50, 714 Growth in 2011: 4. 9%
UK IN SINGAPORE 4 th largest foreign investor • 700 companies • • 32, 000 British residents 440, 000 UK tourist arrivals in 2011 • UK’s largest trading partner in SEA • 14 th largest export destination in 2010 : £ 7. 1 billion • UK’s 12 th largest goods market outside EU (2011) • UK’s 5 th largest services market outside EU (2010) SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
WHY SINGAPORE? # 1 in Ease of Doing Business 2 nd most protective IP regime in the world and top in Asia Pro-business environment, political stability Key legal and financial hub English is the language of business & education Well educated and disciplined work force Transparent procurement, low corruption & crime One of the lowest corporate tax rates in the world (16. 5%) Few restrictions on foreign companies Global, open economy, with few entry barriers Strong links to China, India, and other high growth markets UK Singapore Economic and Business Partnership signed in 2011 SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
RECENT SUCCESSES Rolls-Royce sets up its first engine assembly line and fan blade plant outside UK £ 179 million UK successes on Metro projects in Singapore over last 18 months £ 500 million Gardens by the Bay - British design team led by Grant Associates Standard Chartered’s largest trading floor opens in Singapore IOM (Institute of Occupational Medicine) launched in Sept 2012 Serious Games Institute Development Centre set up to apply advanced game technologies for healthcare, tourism, education Legal sector liberalisation results in over 30 UK law firms in Singapore Imperial College JV for Singapore’s 3 rd medical school to open in 2014 Sidhil finds distributor through our services and exhibits their hospital beds at Medical Fair Asia SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
LET US HELP YOU! Do use our services to develop a market entry strategy suitable for your product/service, and grow your business in Singapore: We can help to: • • Research the market for your product/service Identify competition and the market potential Access the right contacts Identify potential partners and customers Introduce your company to them, and gauge interest Organise meetings, seminars, product launches Understand local regulations and standards Advise on the business culture in Singapore – the launch pad to South East Asia SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti Contact: commercial. singapore@fco. gov. uk
THANK YOU! SINGAPORE TEAM Web: ukinsingapore. fco. gov. uk/ukti UNCLASSIFIED Contact: commercial. singapore@fco. gov. uk
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