Singapore Business
• Main imports: Machinery and equipment, mineral fuels, chemicals and food.
• Main exports: Machinery and equipment, consumer goods, chemicals and mineral fuels.
• Main trade partners: China (PR), Hong Kong (SAR), Japan, Korea (Rep) and Malaysia.
Economy
The importance of trade to the economy cannot be overstated: the total value of Singapore's trade is almost three times its GDP (compared with 17% of GDP in the case of Japan). Vibrant economic activity more than compensates for Singapore's lack of natural resources. There is a little agriculture, with the cultivation of plants and vegetables, and some fishing; however, most foodstuffs and raw materials have to be imported.
Singapore's only significant natural resource is its natural harbour, which is the busiest in the world. This accounts in part for the high level of Singapore's re-export trade, which accounts for almost half of all trade.
Business Etiquette
Office hours: Mon-Fri 0900-1300 and 1400-1700, Sat 0900-1300.
Conferences & Conventions
Full information on Singapore as a conference destination can be obtained from the Exhibition & Convention Bureau within the Singapore Tourism Board (see Contact Addresses). The bureau is a non-profitmaking organisation with the dual objectives of marketing Singapore as an international exhibition and convention city and of assisting with the planning and staging of individual events.
Business Contacts
101 Cecil Street, Tong Eng Building, Unit 23-01/04, Singapore 069533, Singapore
Tel: 6222 2505 or 2855.
Website: www.sicci.com
Singapore International Chamber of Commerce
6 Raffles Quay, 10-01 Singapore 048580, Singapore
Tel: 6500 0988.
Website: www.sicc.com.sg
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