International Business:SINGAPORE

Presented by

PRERAK SHAH (91)SANKET THORAT (78)LALIT BHALERAO (57)SAMEER DHURAT (83)SANKET PANCHAMIA (86)JYOTI KANDALGAONKAR (63)

SOCIAL FACTORSReligion Employee RightsAccess to the Consumer GoodsEducation Health-care

A 2014 analysis by the Pew ResearchCentre found the world's mostreligiously diverse nation.

Singapore population is equivalentto 0.08% of the total worldpopulation.

Singapore ranks number 113 in thelist of countries by population.

TECHNOLOGICAL FACTORS

Broadband internet penetration rate more than 70%.

Highest Average Peak Connection speed in the world which is 135.7 Mb/s.

NEWater, the brand name given to reclaimed water produced by Singapore's public utilities.

It is treated, wastewater (sewage) that has been purified using dual-membrane (via microfiltration

and reverse osmosis) and ultraviolet technologies.

World's water hub for water recycling and desalination technology.

Construction projects using new technology to increase to 40% (Buildings are built using eco-

friendly material and prefabricated components).

Singapore is aggressively promoting and developing its biotechnology industry. Leading drug

makers, such as GlaxoSmithKline (GSK), Pfizer and Merck & Co., have set up plants in Singapore.

INTERNATIONAL TRADING ENVIRONMENT

Import Tariffs- Singapore levies a 7% Goods and Services Tax

Trade Barriers

Import Licensing

Items Requiring License - strategic items, hazardous chemicals, radioactive materials

Canalized items – Petroleum products

Temporary Entry

Customs Regulations

Standards – SPRING Singapore

Trade Agreements

VER-Under the WTO Agreement on Textiles and Clothing (ATC), Singapore maintains 3 bilateral export

restraints with Canada, the European Union & United States.

Comprehensive Economic Cooperation Agreement (CECA) is a free trade agreement

between Singapore and India to strengthen bilateral trade. It was signed on 29 June 2005.

POLITICAL FACTORS

Ruling Party : PAP (People’s Action Party)

Prime Minister : Lee Hsien Loong ( 2004 - )

Business Initiatives by Singapore Government – Smart Nation

Smart Nation is a Singaporean government initiative to harness infocomm technologies, networks

and big data to create technology enabled solutions across various sectors.

Role of Singapore government

Entering the Market

Future Business Opportunities

Partnership Opportunities to Access the Rest of Asia

ECONOMIC ENVIRONMENT

Singapore has a highly developed trade-oriented market economy. Singapore's economy has been

ranked as the most open in the world, 7th least corrupt, most pro-business, with low tax rates

It also has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP).

The economy of Singapore is a major Foreign Direct Investment (FDI) outflow financier in the world.

Singapore has also benefited from the inward flow of FDI from global investors and institutions due to

its highly attractive investment climate and a stable political environment.

Exports, particularly in electronics, chemicals and services including Singapore's position as the

regional hub for wealth management provide the main source of revenue for the economy

Singapore is considered a global financial hub, with Singapore banks offering world-class corporate

bank account facilities

Singapore is the leading oil trading hub in Asia. The oil industry makes up 5 per cent of Singapore's

GDP, with Singapore being one of the top three export refining centres in the world

NATURAL ENVIRONMENT

Singapore enjoys uniform temperature and pressure, high humidity and abundant rainfall and

experiences monsoon almost all year round.

Fruits produced in Singapore include durians, rambutans, and mangosteens. There are also farms in

the country responsible for the production of eggs, vegetables, poultry, and pork.

Flowers grown in Singapore are exported to other parts of the world, namely Japan, the United States,

Australia, and Europe. Such flowers include the orchid. There are 153 orchid farms in Singapore.

Agriculture in the country is responsible for less than 0.5 percent of the country's gross domestic

product (GDP), approximately one percent of Singapore's population are farmers

Singapore has very limited non renewable resources. The economy is dependent on oil and natural gas

imports.

CONCLUSION

India can learn a lot from Singapore in urban management and development of smart cities

The Indian Diaspora has a strong presence in Singapore

India and Singapore have signed the Comprehensive Economic Cooperation Agreement (CECA) and

strategic-relationship agreement in order to increase trade, investments and economic cooperation

Singapore has been one of the top investors in India. India-Singapore bilateral trade has already crossed

the $17 billion mark(as of 2014-15).

India’s main exports to Singapore include petroleum, gemstones, jewellery, machinery and its imports

from Singapore included electronic goods, organic chemicals and metals

Thank You