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Global transportation hub with the most extensive network of trade agreements in Asia
Singapore has built on its advantageous geographical location to become one of the world’s top transportation hubs for sea and air cargo. Singapore’s container ports are the busiest in the world. They offer a choice of 200 shipping lines with links to some 600 ports in 123 countries.
Getting around the island is effortless with the highly-efficient Mass Rapid Transit system, and bus and taxi services. On the infocomms front, the country’s broadband network reaches 99 per cent of the population. International and regional connectivity now stands at 27.6 Tbps to more than 100 countries.
Companies here have the necessary land, air, sea, and telecommunications linkages nessary to move freight and services anywhere in the world, whenever they are needed.
Singapore’s extensive trade links provide companies with greater market connectivity through the reduction of tariff and non-tariff barriers. The Republic currently has the most extensive network of free trade agreements (FTAs) in Asia. Agreements have been signed with key economies such as US, Japan, Australia, New Zealand, members of the European Free Trade Association, Jordan, China, Chile, South Korea, India and Panama.
Negotiations are in progress for FTAs with Middle East and South Asian economies. On top of this, Singapore has signed 35 investment guarantee agreements (IGAs), designed to help protect investments made by Singapore-based companies in other countries against non-commercial risks. |
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| Last updated:19 May 2011 | ||
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