Export to Singapore
Singapore owes its success as a highly developed free-market economy in large part to:
- its remarkably open and corruption-free business environment
- its prudent monetary and fiscal policiesm
- its transparent legal framework.
The government has continued to promote economic growth through an active industrial policy that targets fiscal incentives, increases public investment, promotes development of skill sets attractive to foreign investors, and focuses on economic diversification. Well-secured property rights promote entrepreneurship and productivity growth. The rule of law is undergirded by a societal intolerance of corruption.
The importance of trade between Belgium and Singapore is not negligible, amounting to some EUR 6 billion (there is a large trade surplus for Singapore). Moreover, 200 Belgian companies are established in Singapore and the country hosts the largest Belgian community in Asia (2000 Belgians officially).
Interested in exporting to the Singapore?
Would you like to know more about the current export context, your first steps on the market, or the local business culture? Please contact our local economic and commercial attaché to receive the Singapore fact sheet.