On the occasion of the celebration of the city-state’s National Day on 26 September, the Singapore Convention Bureau and EDB organised an event – attended by Boardroom – for associations and corporates based in Brussels who might have an interest in developing their business in Singapore and in the ASEAN (Association of Southeast Asian Nations) Region, which by 2050 will be the world’s 4th largest economic block.
The event’s aim was to introduce both Singapore and ASEAN to the attendees, for a better understanding of the environment and opportunities in the region. With Singapore preparing to take over the ASEAN Chairmanship in 2018, and with the EU-Singapore FTA ready to come into force in the near future, there will be increased opportunities in this dynamic and growing region.
Singapore is a city-state at the heart of South-East Asia – while being a getaway to the rest of Asia – with a modern service-based and fast growing economy. Furthermore, it has a high-standard of living and serves as a regional hub for both financial and port activities.
For its future development, Singapore’s focus will be on innovation and green growth. Indeed, the city is investing heavily on urban development transforming it into a smart eco-city. Moving in this direction, will help Singapore address the adverse effects of climate change, develop a sustainable and efficient transport system and vertical farming.
Some basic facts that support such statements are: by 2030 Asia will account for 80% of middle class spending, its consumer market is larger than that of India and similar to that of continental China, Asia has overtaken North America and Europe in the number of patent requests filed with the European Patent Office…
Understandably, Singapore was eager to share these figures during the celebrations for its National Day!