Foreword from Kara Owen, British High Commissioner to Singapore
Singapore is a vibrant and dynamic country offering a wealth of business opportunities. As the UK’s fifth-largest export market, and the top goods and services trading partner in the Asia-Pacific region, total trade in goods and services between our two nations was already at £16.3 billion at the end of Q3 in 2019 – an 8.9% increase compared to the same period for 2018. As an entry-point to Asia, Singapore is an important location for UK businesses looking to expand in the region and was ranked by the World Bank as the second-easiest place in the world to start, run and do business.
The UK and Singapore have much in common, including our shared belief in free trade and our strong commitment to the rules-based international system. This is the foundation upon which we are working together to embrace innovation and technology that will ensure the continued prosperity of both our nations.
In 2019 we signed a number of agreements, supported by the SG-UK Partnership for the Future, to collaborate in areas such as cybersecurity, business accelerator programmes and medical technology. This shows another commitment shared by us – to invest in creating opportunities for our future generations, be it innovative new businesses, transformations in the way established businesses cater to new audiences or new skills for a changing workforce.
As the UK enters a new phase in its history, colleagues at the British High Commission Singapore – from both the Department for International Trade and other UK Government departments – are working closely with British businesses to ensure they are supported in finding opportunities and help them break through the obstacles to what they want to achieve.
There are already over 4,700 British companies present here, with more looking at expansion or trade opportunities. I hope you find this guide helpful and I look forward to continuing to support British businesses and showcase what the UK has to offer, in both Singapore and across the region.
British High Commissioner to Singapore
For more information on exporting to Singapore, please contact the Department for International Trade, Singapore
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