Singapore has a trade surplus in the past. Because more than 50 percent of the cost of imports for re-export. Including the export of goods manufactured in Singapore, it also increased during the first 9 months of 2550, Singapore's trade value of US $ 407.8 billion. Exported 218.7 billion US dollars. Increase from the previous year to 8.5 percent of these products are produced in Singapore 113.7 billion. Or about 52 percent of total exports. Increased by 6 percent, while imports 189.1 billion. Rose 6.8 percent, but was imported to the country, only 84.1 billion. Increased by 1.4 percent, making Singapore a trade surplus of US $ 29.6 billion
trade policies of Singapore's main goal is to expand the economic base for the business of the people of Singapore on the international market. Commercial development environment that is fair and predictable in advance. And easing restrictions on the import of almost all goods addition, Singapore has recognized the importance of creating transparency and anti-corruption rules by the year 2556, Singapore was ranked by the organization Transparency International. (Transparency International: TI) as the least corrupt countries with a rating of 5 out of 176 countries in the world, second only to New Zealand, Denmark, Finland and Sweden, and was ranked first in Asia, which has featured in a legal manner. Consistency in the implementation of the law. And access to information and government agencies that are reliable. Result of the implementation of these policies. Currently, Singapore is one of the countries with the liberalization of trade and investment. They are easy to do business in the world, however, Singapore has been classified as a country with a gap of income ranks second in the world from 42 countries with the development of human resources (high index of UNDP. in 2553) also are faced with the challenge of moving towards an aging society. And increase productivity in order to maintain its competitiveness compared to countries with lower production cost of trade goods. Singapore supported free trade system It has been signed and is in negotiations for the Free Trade Agreement. Both bilateral and regional issues, including 18 members covering 24 countries, mainly in the Asia Pacific region. Under free trade policy of Singapore. Singapore's current import duties on nearly every item is 0 percent (except 6 items such as beer and beverage and alcohol), although there is a ban on imports of some products, mainly for reasons of health, safety and the environment. This is in line with Singapore's international obligations, such as chewing gum and used cars for more than 3 years for importing rice. Singapore has managed to import through the implementation of strategic grain reserves to meet food security. By incorporating a permit to import from. International Enterprise Singapore (IE Singapore), which is the primary agency responsible for international trade. In order to have rice stocks in the amount equivalent to 2 months of imports of commercial facilities. Singapore has implemented the Single Window Clearance used, which allows merchants to submit import - export as well as via the website. The system is linked to the government agencies involved in the system. Enabling merchants to clear customs in about 10 minutes on investment. Singapore is a country with a net outward investment. Accounted for 20.5 percent of gross domestic product during the years 2550 to 2554, while still a major investment recipient countries of the world. Since 2550, average annual inflows of almost US $ 2.5 billion. Because Singapore is very little investment restrictions. Although still exists in some fields such as journalism, legal services. And banks Benefits in terms of investment. Singapore provides benefits for both tax and non-tax investors. The objective is to support the investment of enterprises in the country to expand its manufacturing base overseas. Investment in research and development and training. And opportunity to access external resources while also providing incentives to encourage foreign businesses to invest in regional and global headquarters in Singapore. To promote technology transfer And to promote Singapore as a center for services, the benefits of investing in Singapore to focus on the promotion of investment in the industry to use its expertise and knowledge intensive, such as the project to work with a skilled and proficient manner. the needs of the service. Considered as an important branch in Singapore. โดยมีสัดส่วนมูลค่าเพิ่มต่อผลิตภัณฑ์มวลรวมภายในประเทศมากกว่า 2 ใน 3 และมีการจ้างงานประมาณร้อยละ 70 ของแรงงานทั้งหมด ทั้งนี้ ในช่วงปี 2550-2554 สาขาบริการที่มีอัตราการขยายตัวสูง คือ การเงินและการประกันภัย บริการธุรกิจ Accommodation and food services Wholesale and Retail Transportation and warehousing While the field has strengthened the financial and banking. The strengths and resilience to the financial crisis. As a result, Singapore as an international financial center. A major contributing factor is the high regulatory standards. The environment is conducive to doing business. Personnel and financial potential.
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