Singapore faced three key challenges, issues, such as competition from countries in the region, with a population of elderly in increasing numbers, while the rate of population decline and restructuring in the manufacturing sector, which focuses on producing for export. When Mr. Lim Ueng 2548 (2005) by October, the Minister of trade and industry, Singapore has national strategic guidelines regarding to increase productivity in the industrial sector. (Manufacturing) (which has a high proportion of 27.7 percent of gross domestic product) In the next 15 years are as follows: (1) increase the budget for research and development, from 2.1 per cent of gross domestic product to 3 percent by focusing on 3 areas: Biological Sciences (biomedical sciences) environmental technology and water (water and environmental technologies) and digital media (interactive. And digital media) (2) promotion of the economic agreement made with various countries, both in the form of a bilateral free trade agreement. An agreement to promote investment. The tax exemption agreement and agree common standards in order to expand trade opportunities and investment, with private sector Singapore (3) expand production in major industry branches such as electronics, chemicals, and biological sciences, and to develop new industrial branches such as nanotechnology. Digital media. Environmental technology and renewable energy, and (4) expanded trade and investment to new markets such as China, India, the Middle East, which is Government Investment Corporation (GIC) and Temasek Holdings, the Government as a shareholder, play an important role in expanding the market.
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