Doing Business in Singapore

The objectives of the subject “International Trade and Business in the Republic of Singapore” are the following:

1. To analyze the Singaporean Economy and Global Trade;
2. To know the business opportunities in the Republic of Singapore;
3. To understand the role of Singapore as a gateway to the Southeast Asian markets (ASEAN);
4. To explore the Singaporean trade relations with the country of the student;
5. To know the Singaporean Trade Agreements;
6. To examine the profile of the Singaporean Companies;
7. To develop a business plan for the Singaporean Market.

The Subject “Business in Singapore” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Asian Business, World Trade.

Masters: International Business, Foreign Trade.

Course: Taoism, Confucianism & Business.

Languages: (or Singapur Singapour).

1. Credits of the subject “Foreign Trade and Business in Singapore”: 3 ;
2. Duration: three weeks.

1. Port of Singapore;
2. Nanning-Singapore Corridor
   1. Pan-Beibu Gulf Economic Zone.
3. Asia-Africa Corridor;
4. Access to the East-West Economic Corridor (Myanmar-Thailand-Laos-Vietnam).

Singaporean Free Trade Agreements and Market Access:

1. Singapore and the Buddhist Economic Area;
2. Association of Southeast Asian Nations (ASEAN)
   1. ASEAN Economic Community;
   2. ASEAN Free-Trade Area (AFTA);
   3. Singaporean Free Trade Agreements (as an ASEAN member): Australia-New Zealand, Canada, China, Hong Kong, India, EU, Japan, Korea, Russia, and Pakistan.
3. Asia-Pacific Economic Cooperation (APEC);
4. Indian-Ocean Rim Association (IORA);
5. Agreement for Trans-Pacific Partnership (CPTPP);
6. Regional Comprehensive Economic Association (RCEP);
7. India-Singapore Comprehensive Economic Cooperation Agreement;
8. China-Singapore Free Trade Agreement;
9. Singapore-South Korea Free Trade Agreement;
10. Singapore-Australia Free Trade Agreement;
11. Singapore-Japan Free Trade Agreement;
12. U.S.-Singapore Free Trade Agreement;
13. Singapore-New Zealand Free Trade Agreement;
14. Singapore-EU Free Trade Agreement;
15. Singapore-European Free Trade Association (EFTA);
16. Jordan-Singapore Free Trade Agreement;
17. Singapore-Peru Free Trade Agreement;
18. Singapore-Panama Free Trade Agreement;
19. Turkey-Singapore Free Trade Agreement;
20. UK-Singapore Free Trade and Economic Integration Agreement;
21. Costa Rica-Singapore Free Trade Agreement;
22. Taiwan-Singapore Free Trade Agreement;
23. Gulf Cooperation Council (GCC)-Singapore Free Trade Agreement;
24. Global System of Trade Preferences (GSTP).

1. WTO
   1. Agreement on Sanitary and Phytosanitary Measures (SPS);
   2. Agreement on Trade in Services (GATS);
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.
3. Hamburg Rules (Sea);
4. International Road Transport Union (IRU);
5. International Chamber of Shipping (ICS);
6. International Bureau of Containers and Intermodal Transport (BIC);
7. Chicago Convention (ICAO);
8. International Maritime Organization (IMO) 
   1. Istanbul Convention - not a member.
9. Customs Convention on Containers - not a member.

Asian Trade and Economic Organizations:

1. Asian Development Bank;
2. Colombo Plan;
3. Africa-Asia Strategic Partnership;
4. Boao Forum for Asia;
5. Asia Cooperation Dialogue;
6. ESCAP;
7. Asia-Middle East Dialogue;
8. FEALAC.

Global Organizations:

1. UN
   1. UNCTAD;
   2. ITC;
   3. UNCITRAL;
   4. WIPO.
2. WB;
3. WTO;
4. IMF;
5. Pacific Economic Cooperation Council (PEEC).

The Republic of Singapore

1. Capital of Singapore: Singapore City;
2. Singaporean Population: 5.5 million people;
3. Singaporean Area: 719.1 km²;
4. There are four official languages in Singapore: English, Malay, Mandarin, and Tamil;
5. 74% of the Singaporean population are Chinese, 13% are Malays and 9% Indians;
6. Type of Government of Singapore: Unitary Parliamentary Constitutional Republic;
7. Singaporean Independence: 1963 (United Kingdom);
8. Near countries to Singapore: Cambodia, Malaysia, Indonesia, Brunei, Thailand.

Religions in Singapore:

1. Buddhism (33%);
2. Christianity (18%);
3. Islam (15%);
4. Taoism (11%);
5. Hinduism (5%);
6. Singapore has a significant Confucianism influence on his culture.

Singapore belongs to the Buddhist Civilization / Sinic Civilization

Singaporean Economy:

1. The Republic of Singapore consistently scores at the top levels in global and regional rankings. These range from political risk to workforce productivity, from quality of life to forecasts for making profits;
2. 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;
3. The economy of the Republic of Singapore is the second freest economy in the World (Heritage Foundation);
4. Singapore is a world leader in all the ten fields of economic freedom;
5. More than 26,000 international firms are established in Singapore;
6. Currency: Singapore Dollar (SGD);
7. Singaporean GDP by sector
   1. Services: 75%;
   2. Industry: 25%.

International Trade of Singapore

1. Top exports of Singapore: electronics, chemicals, and services;
2. Top trade partners of Singapore: France, Germany, the UK, Indonesia, Malaysia, Thailand, Japan, Hong Kong, South Korea, Taiwan, China, Saudi Arabia, the U.S. of America, and Australia.

Singapore has in force several Free Trade Agreements.

Singapore has the most extensive Free Trade Agreement network in Asia. Trade Agreements have been signed with the U.S., Japan, Australia, New Zealand, the European Free Trade Association (EFTA), Jordan, China, Chile, South Korea, India, and Panama.

Singapore Free Trade Agreements (Concluded/Signed)
- Costa Rica
- Gulf Cooperation Council

Singapore Free Trade Agreements (actual/Negotiations)
- Canada
- Mexico
- Pakistan
- Ukraine.

India-Singapore Agreement:

(c) EENI Global Business School (1995-2023)
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