Many people think of Singapore as a stop-over destination – a half way point for Australian travellers taking in the sights before their onward journey. But we’ll have you know that Singapore is so much more than just a stop-over, and we’re not just talking about the sights.
We’re all well aware of the unique experiences this bustling metropolis offers holiday makers. You’ve got the futuristic Gardens by the Bay, eclectic shopping, incredible street-food, the famed Marina Bay, Singapore Slings at the lavish Raffles Hotel and a world-class zoo, to name but a few. But have you given any thought to what this nation can offer you in a business sense? Singapore offers significant trade and investment opportunities for North Queensland across a plethora of industries.
Don’t let the words trade, investment and export put you off. You don’t need to be big business to benefit from the wide range of opportunities Singapore presents. I’m looking at you small to medium size businesses. Now is the time to expand your horizons and look at the potential possibilities for you and your business on an international platform.
Let’s crunch the numbers. Singapore is Australia’s fifth-largest trading partner, having invested almost $98.9 billion in Australia in 2016 and amassing over $25.7 billion in two-way trading in 2015. That’s a lot of pie from which you can potentially have a slice. So what’s stopping you?
Singapore provides the world’s most business-friendly regulatory environment for local entrepreneurs. The Singapore-Australia Free Trade Agreement (SAFTA), established in 2003, eliminated all import tariffs between the two countries. As the gateway to the ASEAN (Association of Southeast Asian Nations) market, Singapore is attracting trade from around the globe. The nation is positioned at the centre of one of the most dynamic regional economies in the world with increased supply chain and logistics services required to meet the growing demand.
Singapore is also ranked among the world’s most competitive economies. This economy is leading the charge in information and communications, transport and industry, with further investment opportunities existing in a variety of industries. It is also strategically located to offer global connectivity, enabling investors access to the Asian market within a radius of seven hours’ flight time.
The Australian Government’s developing relationship with Singapore presents an immense opportunity for the businesses of Townsville North Queensland. To capitalise on this, Townsville Enterprise will be leading an Insights Delegation to Singapore in September, giving local businesses the opportunity to connect with key business and government officials, gaining insights into the opportunities this market presents.
Townsville Enterprise’s formal delegation will take place in Singapore from Monday 4 to Thursday 7 September 2017. The delegation will consist of a conference program and industry engagement sessions designed to build the capacity of Townsville North Queensland businesses to engage in trade and investment with Singapore.
You don’t need to be big business to benefit from the wide range of opportunities Singapore presents.
Industry streams that may be covered across the delegation include: Tourism, Health Services, Food and Agriculture, Research (Aquaculture) and Education, Innovation, Tropical Urban Design, Property Investment and Infrastructure, and Connectivity, Supply Chains and Logistics. Meetings and presentations with Austrade will also take place to break-down business in Singapore and the trends and opportunities available to North Queensland businesses.
Prioritising Singapore as a key trading partner and laying the foundations for a strong relationship will strategically cement Townsville North Queensland as the true capital of the North. A business delegation to Singapore is the perfect opportunity to establish strong relations with the country encouraging continued investment in North Queensland. Identifying opportunities to boost trade and cultural relations will be a priority, as well as exploring how Townsville can learn and grow from one of the world’s most prominent economies.
Never again will the small to medium size businesses of Townsville North Queensland be provided with such a unique opportunity to gain key insight and direct connectivity with key decision makers and industry in this vital South Asian market.
To register your interest in joining the Singapore Insights Delegation, call Townsville Enterprise on (07) 4726 2728 or email Singapore@tel.com.au today.