Singapore Market Presentation Pack SINGAPORE TEAM Web: ukinsingapore.fco.gov.uk/ukti Contact:...
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Singapore Market Singapore Market Presentation Pack Presentation Pack SINGAPORE TEAM Web: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
Transcript of Singapore Market Presentation Pack SINGAPORE TEAM Web: ukinsingapore.fco.gov.uk/ukti Contact:...
Singapore Market Singapore Market Presentation PackPresentation Pack
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
A REGIONAL HUB A REGIONAL HUB FOR SOUTH EAST ASIAFOR 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 TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
A MAJOR TRADING ROUTEA MAJOR TRADING ROUTEWorld’s 2nd largest container portHalf of the world’s population within 7 hours’ flight7,000 MNCs: 60% with regional/global HQ functions
India: 1.1 billion
SE Asia: 590 million
Australasia: 25 million
China: 1.3 billion
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
ENGINES OF GROWTHENGINES OF GROWTH
Manufacturing• Chemicals• Electronics• Precision engineering• Biomedical sciences• Aerospace/MRO
Developments• Metro (UKTI HVO) • Large bus tenders• New airport terminal• New Port & terminals• Sports Hub
Services• Logistics• Consumer businesses• Infocomms & media• Financial services• Professional services• Education services• Maritime & port
services
New areas• Environmental
technologies• Clean energy• Digital media• Biotechnology• Healthcare services
GDPTotal: US$267 billionPer capita US$50,714Growth in 2011: 4.9%
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
UK IN SINGAPOREUK IN SINGAPORE4th largest foreign investor• 700 companies• 32,000 British residents• 440,000 UK tourist arrivals in 2011
•UK’s largest trading partner in SEA •14th largest export destination in 2010 : £7.1 billion•UK’s 12th largest goods market outside EU (2011)•UK’s 5th largest services market outside EU (2010)
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
WHY SINGAPORE?WHY SINGAPORE?
# 1 in Ease of Doing Business2nd most protective IP regime in the world and top in AsiaPro-business environment, political stability
Key legal and financial hubEnglish is the language of business & educationWell educated and disciplined work force
Transparent procurement, low corruption & crimeOne of the lowest corporate tax rates in the world (16.5%)Few restrictions on foreign companies
Global, open economy, with few entry barriersStrong links to China, India, and other high growth markets
# 1 in Ease of Doing Business2nd most protective IP regime in the world and top in AsiaPro-business environment, political stability
Key legal and financial hubEnglish is the language of business & educationWell educated and disciplined work force
Transparent procurement, low corruption & crimeOne of the lowest corporate tax rates in the world (16.5%)Few restrictions on foreign companies
Global, open economy, with few entry barriersStrong links to China, India, and other high growth marketsUK Singapore Economic and Business Partnership signed in 2011
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
RECENT SUCCESSESRolls-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 3rd medical school to open in 2014
Sidhil finds distributor through our services and exhibits their hospital beds at Medical Fair Asia
SINGAPORE TEAMWeb: ukinsingapore.fco.gov.uk/ukti Contact: [email protected]
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
Singapore – the launch pad to South East Asia
