The economic studies aim to provide the reader with a macroeconomic overview. They also list the key sectors that offer important opportunities for our Belgian export companies.
  • Economic study Singapore (October 2014)

    Singapore is an economic success story in many ways. In just a few decades, the country has climbed to the top of the list of the richest countries in the world. Today, the island state ranks 7th worldwide in terms of purchasing power.

    Since 2010, the government has been promoting economic reform, focusing on high value-added sectors and limiting the inflow of foreign labour. In this way, it hopes to increase per capita economic output while improving overall productivity and competitiveness.

    Free trade agreements are an inherent part of Singapore's trade policy. Here, Singapore is not only targeting new emerging markets, but is also striving to deepen its trade relations with Western economies. The recently adopted text of a new and ambitious free trade agreement with the European Union is proof of this.

    On the occasion of the joint Belgian economic mission to Singapore from 22 to 28 November 2014, the Belgian Foreign Trade Agency published an "economic study". The first chapter is devoted to Singapore's macroeconomic situation, while the second contains an analysis of four dynamic sectors in which the trade opportunities are numerous: biomedical sciences, cleantech, logistics and banking technology. The study concludes with a chapter on Belgian success stories in Singapore.

    Document only available in French and Dutch.