The Singapore Advantage
Our country, Singapore is a small island city-state located in the heart of Southeast Asia. Singapore has an area of about 699.4 sq km - slightly larger than 3.5 times the size of Washington DC. However, its small physical size belies its great economic strength and resilience. Despite the inherent limitations of a small domestic economy and lack of natural resources, Singapore has established itself as one of the world's top trading nations, and is consistently voted as one of the world's best business locations. Singapore's strategic location and political stability have made it an attractive oasis for many foreign corporations seeking to target Asian markets.
Recent world-recognized accolades bestowed include the second most competitive economy in the World Competitiveness Yearbook 2007 and the fifth most competitive economy in the Global Competitiveness Report 2006-2007.
"Made in Singapore" Our Singapore Global Established & Trusted Brand NameOver the decades, Singapore’s manufacturing sector has grown considerably and now contributes a hefty 27% to its GDP in 2006. This phenomenal success is largely due to Singapore’s cost-competitiveness, efficiency, technological expertise and innovative spirit.
Today, the "Made in Singapore" trademark has earned itself the reputation of producing reliable, superior and cost effective products.
Singapore has garnered excellent international accolades when it comes to our manufacturing base. Our competitiveness comes from our total cost-capability and a focus towards a knowledge and research-based economy. Increasingly, world class research institutes and institutes of higher education have found their base in Singapore. We will continue to harness the potential of our manufacturing base with our CORE competencies and reinforce our leadership position in the manufacturing sector.