Doing Business in Singapore
EENI - Business School.
Subject (Course): International Trade and Business in Singapore. Syllabus:
- Introduction to the Republic of Singapore (South-east Asia ASEAN).
- Singaporean Economy.
- International Trade of Singapore.
- Port of Singapore.
- Foreign Direct Investment (FDI) in Singapore
- Advantages of Singapore
- Key industry sectors.
- Setting up in Singapore.
- Case Study:
- Made in Singapore.
- Access to the Singaporean Market
- Business Plan for Singapore
Objectives of the subject “Doing Business in the Republic of Singapore”:
- To analyse the Singaporean economy and foreign trade
- To evaluate business opportunities in the Republic of Singapore
- To understand the role of Singapore as a gateway to South-East Asian¡ (ASEAN) markets.
- To explore Singapore's trade relations with the student's country
- To know Singapore's Free Trade Agreements (FTAs)
- To examine the profile of Singaporean Companies
- To develop a business plan for the Singaporean Market
Sample of the subject (Doing Business in Singapore):
Subject Description (Doing Business in Singapore).
The Republic of Singapore: the second most competitive economy in the World and the most competitive small economy
in the World.
- Capital: Singapore City
- Singaporean Population: 5.5 millions of people
- Area: 719.1 square kilometres
- There are four official languages in Singapore: English, Malay, Mandarin, and Tamil
- 74% of the Singaporean population are Chinese, 13% are Malays and 9% Indians
- Type of Government: Unitary Parliamentary Constitutional Republic
- Independence: 1963 (United Kingdom)
Religions in Singapore:
- Buddhism (33%)
- Christianity (18%)
- Islam (15%)
- Taoism (11%)
- Hinduism (5%)
- Singapore has a significant Confucianism influence in his culture.
Singapore belongs to the Buddhist Civilisation
- The Republic of Singapore consistently scores high marks in the global
and regional rankings. These range from political risk to workforce productivity, from the quality of life to the forecasts for making
- The Republic of Singapore is the second most competitive economy (World Competitiveness Yearbook), the seventh most competitive economy (Global
Competitiveness), and the ninth in the Business Competitiveness Index.
- The economy of the Republic of Singapore is the second freest economy
in the World (Heritage Foundation).
- Singapore is a world leader in all the ten fields of economic freedom.
- More than 26,000 international firms are established in Singapore.
- Currency: the Singapore Dollar (SGD)
- Singaporean GDP by sector
- Services: 75%
- Industry: 25%
International Trade of Singapore.
- Top exports of Singapore: electronics, chemicals, and services.
- Top trade partners of Singapore: France, Germany, the United Kingdom, Indonesia, Malaysia, Thailand, Japan, Hong Kong, Korea, Taiwan, China, Saudi Arabia, the United States of America, and Australia.
Singapore's Free Trade Agreements (FTA) and Market Access:
Singapore has preferential access to the markets of:
- Association of South-East Asian Nations (ASEAN)
- Asia-Pacific Economic Cooperation (APEC)
- Indian-Ocean Rim Association (IORA)
- Trans-Pacific Strategic Economic Partnership Agreement (TPP)
Singapore has in force several Free Trade Agreements (FTA).
- Singapore's Agreements: Australia, China, Jordan, India, Japan, Korea, New Zealand, Panama, Peru, the European Free Trade Association, and the United States
- Singapore's Free Trade Agreements (as an ASEAN member). ASEAN Free Trade Area, Australia-New Zealand, Canada, China, India, European Union, Japan, Korea, Russia, and Pakistan
The United States-Singapore