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Singapore
Today, Singapore remains one of the UK’s vital trading partners in Southeast Asia. The close historical ties have paved the way for strong economic relations.
Its geographical location in the heart of Southeast Asia makes it an ideal springboard for accessing the wider region, including Malaysia, Indonesia, Thailand, and beyond.
The city-state’s robust infrastructure, including a world-class port and international airport, further facilitates trade and connectivity.
Country Information
- Head of State: Tharman Shanmugaratnam
- Capital City: Singapore
- Total Population: 6,026,455
- Languages: Mandarin (official), English (official), Hokkien, Tamil, Cantonese, Teochew, Malay (official), other Chinese dialects
- Religions: 26% Buddhist, 18% Muslim, 17% Christian, 8% Hindu, 6% Taoism or Confucianism, 4% Other religions
- Monetary Unit: Singapore Dollar (SGD)
- Natural Resources: Fish, deepwater ports
- Major exports: Machinery and equipment, petroleum, chemical products, miscellaneous manufactured articles, oil bunkers
- Major Imports: Electrical machinery, oil and mineral fuels, precious stones and metals, precision instruments, organic chemicals, and plastics
Singapore is also known for its political stability and sound economic policies. It consistently ranks as one of the world’s most competitive and business-friendly nations, offering a secure environment for investments and trade.
The island state’s pro-business policies, ease of doing business, and low tax rates for foreign companies are very appealing. It is renowned for its efficient bureaucracy and supportive regulatory environment.
The historical relationship between Singapore and the United Kingdom, rooted in commerce and diplomacy, has evolved into a contemporary trading partnership that benefits both nations.
For British enterprises, exporting to Singapore offers a multitude of advantages, from a strategic location and political stability to a business-friendly environment and access to regional markets.