Singapore City Skyline at Night PowerPoint Template #54219

Singapore Trade Manual
By Faaz Zubair
Overview of Singapore
• Singapore is well-known across the world as a

desirable location for expats, investors, and
entrepreneurs seeking to grow into Asia
• Its evolution into a trade-friendly financial hub,
superb infrastructure, and stable, progressive
legal and regulatory environment are just a few
of the factors that make it attractive
2
Geographic Location
• Singapore is a beautiful, tropical island

off the southern tip of the Malay
Peninsula in Southeast Asia. Singapore
is a city, a country, and a state all in
one
• It covers roughly 275 square miles,
making it slightly smaller than Rhode
Island
• Singapore is renowned as a Garden
City since about half of the island is
covered with greenery.
3
Natural hazards and
environmental issues
• Though natural catastrophes such as earthquakes,
typhoons, and volcanic eruptions are rare in Singapore
• The emergency services face obstacles in avoiding and
managing man-made disasters in a densely populated
area with numerous high-rise buildings and hazardous
material (HazMat) companies
• Because Singapore is surrounded by sea, the only
natural calamity that might occur is a
Tsunami/Tropical Storm
• Industrial pollution, limited freshwater resources, and
seasonal smoke and haze from Indonesian forest fires
are all major environmental concerns in Singapore
• Waste disposal is complicated due to a lack of
available land
4
Demographics and Population
• Population is 5.686 million (2020)
– Chinese (majority 75.9%)
– Malay (15%)
– Indian (7.5%)
– Eurasian (1.6%)
• Population Growth rate is 0.79%
• Languages Spoken
– English
– Malay
– Mandarin
– Tamil
• Religions
– Buddhism
– Christianity
– Islam
– Taoism,
– Hinduism
5
General assessment of
communications systems
• Internet
• Mobile Phone
• Media
– News Channels
– Newspapers
– Magazines
• Singapore’s media is mainly controlled
by their government
6
Capital City and Major Cities
Population
• Capital City State - Singapore

– Population: 3,547,809
• Bukit Panjang
– Population: 226, 540
• Choa Chu Kang
– Population:190,890
• Bedok
– Population: 276,990
7
Map of Singapore
8
Currency and Time
• For the second year in a row, Singapore's

economy has been named as the freest in the
world
• Singapore Dollar (SGD)
– $1 SGD = $0.93 CAD
• GDP Per Capita = 74741.51 CAD
• Singapore Standard Time
– Standard (GMT+8)
– 13 hours ahead of Canada
9
Climate
• Singapore is close to the equator and enjoys a tropical

climate all year, with plenty of rain, high and
consistent temperatures, and high humidity.
• Many of its climate variables, such as temperature and
relative humidity, do not differ significantly from
month to month
• Seasons do not exist in Singapore in the sense that
visitors from temperate countries understand them
• A nominal dry season runs from March to August
(with temperatures peaking in April) and a wet season
runs from September to February
10
Jobs
• Singapore's working-age population was estimated to

be around 3.71 million people
• In Singapore, jobs are available in a variety of
industries
– tourism
– banking and finance
– construction
– healthcare
– communications and media
– information technology.
11
Imports and Exports between
Canada and Singapore
Canada Exports to Singapore was US$921.2 Million during
2020
Imports ($1.39B)
• meat
• fish and seafood
• processed food
• Electrical
• electronic equipment
Exports ($1.21B)
• planes
• helicopters
• spacecraft
• Gas Turbines
12
Post Secondary Institutions
Singapore is the place to be for working students because

it has a wonderful part-time job policy. Singapore is
quickly becoming as a preferred global education hub, with
world-class education, internationally respected
universities, and inexpensive tuition rates.
• Nanyang Technological University (NTU)
• National University of Singapore (NUS)
• Singapore Institute of Technology (SIT)
• Singapore Management University (SMU)
• Singapore University of Social Sciences (SUSS)
• Singapore University of Technology and Design
(SUTD)
13
Political System
• Singapore's Head of State is a President who is directly
elected by the people
• The Cabinet, which is responsible for the overall
direction of the government and is accountable to
Parliament, makes up the Executive
• The Legislature, which is made up of the Parliament, is
the legislative body in charge of enacting legislation
• The Judiciary's role is to dispense justice in a
decentralised manner
• The President of Singapore appoints Singapore's
Prime Minister
• The Prime Minister is the head of the Cabinet
• The Cabinet is the executive government's central
decision-making body
Current Gov: The People’s Action Party
President: Halima Yacub
14
Corruption
Singapore has a reputation for being one of the least

corrupt countries in the planet. According to a
Transparency International poll, the vast majority of
Singaporeans had never heard of incidents of public
officials or organisations being corrupted through the
media. Singapore is the world's fourth least corrupt
country and Asia's most transparent country as of 2020.
15
Economy
Singapore is the freest economy in the 2021 Index, with an

economic freedom score of 89.7. Its overall score has
improved by 0.3 point, owing mostly to a higher score for
government spending. Singapore is placed first in the
Asia–Pacific area out of 40 countries, and its overall score
is significantly above the regional and global averages.
Singapore's economy is dominated by services, although it
also produces electronics and chemicals and operates one
of the world's largest ports. Integrated circuits, refined
petroleum, and computers are all major exports.
16
Economy (2)
Housing, transportation, and health-care subsidies are all

subsidised by the government, which also influences other
pricing through regulation and state-owned corporations,
and has grant programmes to promote high-growth local
businesses develop, grow, and internationalise. Although
the government retains control of the financial sector, it
has been slowly opening the domestic market to foreign
institutions. Over the last year, no restrictions have been
imposed on the industry. The GDP growth rate was -5.4%
in 2020 and the gross national income was 491.7 billion
PPP dollars. More than 75% of the population uses the
internet. Singapore's main trading partners include China,
the United States, Indonesia, Malaysia, and Japan.
17
Economy (3)
Available farm land, the country's gorgeous environment,

and fish are among Singapore's most valuable natural
resources. The unemployment rate among residents is now
3.5 percent, while the unemployment rate among citizens
is 3.7 percent. In September 2021, the resident long-term
unemployment rate grew to 1.2 percent, up from 0.9
percent in June. The central bank reaffirmed its prediction
for headline inflation of 1.5–2.5 percent in 2022, with core
inflation rising to 1-2 percent. Singapore does not have a
minimum wage, and workers are not required to be paid a
minimum wage. Pay rates must be negotiated directly with
the employer through collective bargaining or other ways.
18
Major Trade Agreements
• China-Singapore Free Trade Agreement (CSFTA)

• European Union-Singapore Free Trade Agreement (EUSFTA)
• India-Singapore Comprehensive Economic Cooperation Agreement
(CECA)
• Japan-Singapore Economic Partnership Agreement (JSEPA)
• Korea-Singapore Free Trade Agreement (KSFTA)
• New Zealand-Singapore Comprehensive Economic Partnership
(ANZSCEP)
• Panama-Singapore Free Trade Agreement (PSFTA)
• Peru-Singapore Free Trade Agreement (PeSFTA)
• Singapore-Australia Free Trade Agreement (SAFTA)
• Singapore-Costa Rica Free Trade Agreement (SCRFTA)
• Singapore-Jordan Free Trade Agreement (SJFTA)
• Sri Lanka - Singapore Free Trade Agreement (SLSFTA)
• Turkey-Singapore Free Trade Agreement (TRSFTA)
• United Kingdom-Singapore Free Trade Agreement (UKSFTA)
• United States-Singapore Free Trade Agreement (USSFTA)
19
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Singapore Trade Manual

• Singapore is well-known across the world as a

• Singapore is a beautiful, tropical island

• Capital City State - Singapore

• For the second year in a row, Singapore's

• Singapore is close to the equator and enjoys a tropical

• Singapore's working-age population was estimated to

Singapore is the place to be for working students because

Singapore has a reputation for being one of the least

Singapore is the freest economy in the 2021 Index, with an

Housing, transportation, and health-care subsidies are all

Available farm land, the country's gorgeous environment,

• China-Singapore Free Trade Agreement (CSFTA)

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