British Columbia and Singapore
With one of Asia’s highest levels of GDP per capita, Singapore has established a highly developed and politically stable market. Singapore is a hub for distribution, logistics and financial services and acts as a strong trade and investment location. Through the CPTPP and Canada’s upcoming involvement with the DEPA, B.C. and Singapore have developed supportive economic ties.
Trade & Investment Highlights
- Currently, Canada is waiting to launch negotiations for their accession to the Digital Economy Partnership Agreement (DEPA), initiated by Chile, New Zealand and Singapore. Upon fulfilment of this agreement, B.C. would benefit from facilitated digital trade advantages.
- CPTPP – The Comprehensive and Progressive Agreement for Trans-Pacific Partnership between Canada and Singapore allows for free trade opportunities.
- Delivery infrastructure is improving in Singapore, allowing online retail channels to thrive.
- Singapore has a relatively small and affluent population with low levels of unemployment and high levels of disposable income, making it a prospective place to expand and invest in business.
Singapore at a Glance
Monetary figures are in USD
Opportunity for Foreign Investors and B.C. Exporters
Agrifood & Agritech
Singapore relies on imports for most of its food requirements. Consumer expenditure is rising and B.C. exporters are provided with a variety of new agrifood export opportunities.
Aerospace
As the ASEAN regional trend hub for the latest innovation and technology, Singapore is home to a well-established aerospace industry. There is demand for B.C. aviation training, maintenance, repair and overhaul (MRO) and green solutions to reduce CO2 outputs in Singapore’s aerospace industry.
ICT
Singapore has a mature digital market and is an early adopter of new technologies and innovation, applications and solutions with the Smart Nation Singapore initiative launching in 2014. B.C. can leverage opportunities in developing applications, Smart Nation infrastructure, cyber security, financial technology, artificial intelligence and data analytics.
Industrial Marine
Singapore’s marine industry play a major role in the country’s economic growth and is recognized globally for its ship repair and conversion solutions. As one of British Columbia’s highest growing sectors, B.C. companies can further support Singapore’s marine industry when focusing on new and emerging technologies with marine applications. Opportunities include solutions involving blockchain, digitalization, decarbonization, fuel monitoring systems and robotic processes.
Life Sciences
Singapore’s life expectancy continues to grow. Through different trade and investment initiatives, B.C. companies can provide innovative health care services including pharmaceuticals, medical devices and supplies to support Singapore’s evolving population and life sciences sector.
Singapore Top Industries (2017-2021)
Trade & Investment Resources
For B.C. Businesses
For International Businesses
News and Stories
How We Help
- Assist in commercial location identification and site selection.
- Provide information on transportation infrastructure and logistics gateways.
- Offer introductions to sector associations, industries and provide cluster insight.
- Facilitate understanding and solutions for talent, skilled workforce and labour mobility
- Facilitate engagement with professional advisors on legal, compliance and tax matters
- Help navigating and offering referrals within government agencies on First Nations, business and regulatory processes.
- Identify high potential investment opportunities and offer industry insight.
- Introductions to sector associations and local industry contacts.
- Introductions to companies seeking investments to expand.
- Provide knowledge on local innovation hubs and connections to entrepreneurial opportunities.
- Introductions to local venture capital networks.
- Assist in navigating government export programs and financial supports.
- Advice and coaching in international expansion and exporter development.
- Support Team BC missions and trade events.
- Match buyers and sellers in local and foreign markets.
- Provide insight on trade agreements and barriers.
- Introductions to trade representatives in foreign markets.
- Market entry assistance in international markets.
Trade & Investment Office
Singapore
As the financial and regional hub of Southeast Asia, Singapore is the most active economic gateway between East and West in the region. The city-state is active in diverse range of industries from aerospace and electronics, to medical technology and the creative industries.
Trade and investment representatives in Singapore are actively supporting businesses to explore shared opportunities.
Singapore Office:
High Commission of Canada
One George Street, #11-01
Singapore, 049145
Contact our Trade and Investment Representatives. Our team welcomes your inquiries
Senior Manager, ASEAN
Managing Director, ASEAN
Senior Commercial Officer
Connect With Our International Network
Our Trade and Investment Representatives can help you establish the right connections, participate in events and tradeshows, explore programs and initiatives, and more.
Connect With Our International Network
Our Trade and Investment Representatives can help you establish the right connections, participate in events and tradeshows, explore programs and initiatives, and more.