Trade and Economic Section f
SINGAPORE - US ECONOMIC RELATIONS
Singapore-US
Trade Links
Singapore-US Investment Links
Statistics on Singapore’s
Economy, Investment and Trade
Trade and economic co-operation
List of State trade representative offices
in Singapore
Promoting Trade-IE Singapore's presence in the US
IE Singapore's activities
Doing Business in the US
Singapore-US
Trade Links
Trade
relations between Singapore and the US have traditionally been strong and close. The US is
Singapore’s 2nd largest trading partner, while Singapore, in turn, is the
11th largest partner for the US.
Singapore's
main imports from the US are aircraft and parts, ICs and semiconductors, printed circuit
boards assembled (PCBAs) and other computer parts, civil engineeting equipment and parts
and scientific instruments and apparatus. Its leading exports to the US include computers,
disk drives, printers and peripherals, printed circuit boards assembled (PCBAs and other
computer parts, ICs and semiconductors, telecommunication equipment and organo-inorganic
compounds.
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Singapore-US
Investment Links
- Singapore’s
excellent business infrastructure and open-door policy toward multi-national corporations
(MNCs) has attracted more than 1,300 American companies to set up operations there. About
330 of them have made Singapore their regional business headquarters and have assets of
more than US$8.5million each.
- Half of all foreign
direct investments (FDI) in Asia by U.S. manufacturers in 1999 were funnelled into
Singapore, making it the top choice in the region for U.S. investors.
- Singapore attracted
some US$3.4 billion in US manufacturing FDI out of a total of US$6.8 billion for the
Asia-Pacific region as a whole and US$36 billion worldwide.
- The bulk of the US
manufacturing FDI in Singapore went into the industrial machinery sector, which received a
total of US$1.9 billion, or about 56 percent of the total. Some US$1.24 billion, or 36.5 %
of the total, went into the electronics sector.
- Total US
manufacturing FDI in Singapore as at end 2000 stood at US$23.2 billion. This places it in
third position in Asia after Japan and Hong Kong and sixth position worldwide.
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Trade and Economic Co-operation
- Sharing
common goals in free trade and open markets, Singapore and the US work
closely in APEC, the WTO
and other international settings.
- On
the bilateral front, the 2 countries foster closer links through the
Trade and Investment Framework Agreement signed in 1991, and the Singapore-US
Business Council (SUBC), formed in 1995. Singapore has also signed Memoranda
of Understanding (MOU) separately with the Trade and Commerce Agency
of California, and the city of Boston. These specify business alliance
and co-operation in trade and investment, technology development, education
and tourism.
Promoting
Trade – IE Singapore's presence in the US
- Through
its offices in Washington DC and New York, the IE Singapore
works closely with the US government and private sector to maintain
and harness bilateral trade relations.
- In
Washington DC, the IE Singapore office is situated within the Singapore Embassy
and is staffed by a Regional Director and a Centre Director. These officers
keep abreast of US trade policy and legislative developments that may
impact on Singapore’s trade interests. In New York, the IE Singapore office
facilitates business development opportunities for Singapore companies,
as well as promotes Singapore as a gateway for Asia to US companies.
It has a Centre Director and Marketing Officer.
Doing
Business in the US
The
US Administration and Trade Agencies
US
Congress
Useful
Sites to Obtain US Trade Statistics (And it’s FREE!!!)
Access
to Law Libraries
Regional
Groupings
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REPRESENTATIVE
STATE TRADE OFFICES IN SINGAPORE
State
of Pennsylvania
200 Cantonment Road
#02-01 Southpoint
Singapore 089763
Tel: 62258667
Fax: 62258330
Email: pastate@mbox4.singnet.com.sg
Contact Person: Sarath Kumar Menon
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State
of Oklahoma
Cargo Agent Bldg C
#08-15
Singapore 918106
Tel: 65458112
Fax: 65458113
Email: atc3139@singnet.com.sg
Contact Person: Stanley Ang Thiam Chye
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State
of Mississippi
Suntec Tower One
#12-02C
Singapore 038987
Tel: 63386377
Fax: 63376377
Email: simonbeh@singnet.com.sg
Contact Person: Simon Beh Chong Hwee
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Port
of Olympia
200 Cantonment Road
#09-01 Southpoint
Singapore 089763
Tel: 63264234
Fax: 62251231
Email: edt@haisunhup.com.sg
Contact Person: Edmund Tan
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States
of Georgia & Arkansas
D2-03-03 Pantai Hillpark Phase 1
Jalan Pantai Dalam
59200 Kuala Lumpur, Malaysia
Tel: 03-2836102
Fax: 03-2821102
Email: boonwt@pc.jaring.my
Contact Person: Boon W Tan
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Port
of Charleston
World Trade Centre #10-40
Singapore 099253
Tel: 63748334
Fax: 62755766
Email: lawrence@jtsjsa.com.sg
Contact Person: Lawrence Leong
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Port
Authority of New York/New Jersey
24 Jurong Port Road
#03-00, Office Block
CWT Distripark (HQ)
Singapore 619097
Tel: 62611061
Fax: 62611659
Email: Desmond_Tamaki@compuserve.com
Contact Person: Desmond Tamaki
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Port
of Tacoma
City Link #05-05
102-F Pasir Panjang Road
Singapore 118530
Tel: 96529364
Fax: 62547251
Email: hillier@cyberway.com.sg
Contact Person: Keith Hillier
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Virginia
Port Authority
Blk 306 Ubi Ave 1
#02-187 (Room B)
Ubi Town Centre
Singapore 400306
Tel: 67438270
Fax: 67438325
Email: vpasin@mbox4.singnet.com.sg
Contact Person: Sunny Keok Pin How
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States
of Indiana, Wisconsin & Missouri
70A Prinsep Street
Singapore 188662
Tel: 63398885
Fax: 63391982
Email: jrasean@pacific.net.sg
Contact Person: Joyce Rasmussen
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Port
of Los Angeles
Blk 334 #03-10
Kreta Ayer Road
Singapore 080334
Tel: 63246823
Fax: 63246825
Email: piers@mbox3.singnet.com.sg
Contact Person: K C Tan
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Massachusetts
Port Authority
161A Telok Ayer Street
Singapore 068615
Tel: 63231882
Fax: 63231682
Email: asiaqest@mbox2.singnet.com.sg
Contact Person: YT Sitoh
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Port
of Seattle
171 Chin Swee Road
#09-01 San Centre
Singapore 169877
Tel: 64381295
Fax: 65383386
Email: windmill@windmill.com.sg
Contact Person: Kirpa Ram Vij
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