Singapore is Germany’s most important
trading partner among the ASEAN coutries. No other country
in South East Asia has attracted as many German companies
as Singapore. Trade between Germany and Singapore rose by
25.2% to S$20.1 billion in 2004. As one of the most dynamic
economies in Asia, Singapore has intensified cooperation in
many fields with Germany. It serves as an excellent operational
hub for the Asian operations of 96% of the 700 German companies
based in Singapore, thanks mainly to its economically strategic
location, political stability and first-class infrastructure.
Singapore's infrastructure is unrivalled in Asia - the busiest
container port in the world; one of the best connected airports
in Asia; the third most wired nation in the world, and the
most wired in Asia.
Singapore’s economy grew by an impressive 8.1% in 2004,
its best in 4 years and among the fastest growing economies
in Asia. Businesses and investors value the country’s
position as a sophisticated and trusted hub in locating their
integrated value chain of activities. Of the 7,000 multinational
companies in Singapore today, more than 4,000 manage regional
responsibilities. Of these, some 280 companies have key decision
making responsibilities for their companies' global operations. |