Singapore

Singapore remains one of the most market-oriented and open economies in the world and is also considered the easiest country in which to do business. Singapore is facing a number of new challenges, as well as opportunities, due to the global financial crisis and its competitiveness is being tested by low-cost economies particularly in Asia. In response, Singapore has launched a productivity drive to boost GDP growth and facilitate its transformation into Read More

The services sector plays a crucial role in the economic growth and development of both India and Singapore. The two countries have liberalized unilaterally and developed global competitiveness in selected services, and now they are major exporters. Consequently, they not only have an aggressive interest in the multilateral liberalization of trade in services, but also perceive this sector as an integral part of their preferential trade agreements.