Singapore

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About Singapore

Singapore is a small island country at the tip of Malaysia. It is famous for its global footprint as a major financial centre with an international arbitration court. The Country boasts of well-planned and advanced infrastructure and has a zero-tolerance towards corruption.

The country has a very highly developed market economy with a freest, innovative, competitive, dynamic, and most business-friendly economy. The ease of doing business in Singapore is considered to be easiest and simple. Hence it attracts large FDIs and is considered to be one of the costliest countries to live in. Singapore is one of the few countries having a AAA credit rating.

Singapore is a leader in many industry sectors. It is well known for Finance, Casino gambling, Oil Refining, and trading. The country has the largest oil rig producer for ship repair services. Singapore is also well known for electronics manufacturing and Tourism. Singapore is considered as the hub for Medical Tourism and people across the world travel to Singapore for treatments and surgeries.

Country Facts

 

Basic Details
RegionASEAN
Capital City Singapore
Government TypeUnitary dominant-party parliamentary constitutional republic
Official LanguagesEnglish, Malay, Chinese, Tamil,
CurrencySingapore dollar, SGD Brunei dollar, BND
Phone Code +65
Important CitiesSingapore, Woodlands
National DayNational Day (9th Aug)
Economy
Ease of Doing Business Ranking2 (Very Easy)
Primary Industrieselectronics, chemicals, petroleum refining, financial services, and oil-drilling equipment
Major ExportsMachinery and equipment Electronics and telecommunications Pharmaceuticals and other chemicals Refined petroleum products Chemical Products
Major Exports to IndiaAnimal, Footwear, Hides and skins, Minerals, Textiles and Clothing, Food Products, Wood, Vegetables, Metals, Transportation
Major ImportsIntegrated Circuits, Refined Petroleum, Crude Petroleum, Gold and Computers. Electrical machinery, equipment. Optical, technical, medical apparatus.Perfumes, cosmetics.
Major Imports from IndiaFuels, Machinery and Electricals, Transportation, Stone and Glass, Chemicals, Raw materials, Metals, Vegetables, Food Products, Textiles and Clothing
Foreign Relations
Trade Agreements with IndiaComprehensive Economic Cooperation Agreement (CECA), India ASEAN Trade in Goods Agreement, Global System of Trade and Preferences (GSTP),Free Trade Agreement (FTA), Economic Integration Agreement (EIA)
Bordering NationsMalaysia, Indonesia
Member ofAsian Infrastructure Investment Bank(AIIB), Asia-Pacific Economic Cooperation(APEC), Association of Southeast Asian Nations(ASEAN), Commonwealth of Nations(CommonWealth), East Asia Summit(EAS), Global Cultural Districts Network(GCDN), Indian Ocean Rim Association(IORA), Pacific Economic Cooperation Council(PECC), Trans-Pacific Partnership(TPP), United Nations(UN), World Trade Organization(WTO)
Indian Embassy DetailsH.E. Mr. Jawed Ashraf
Honourable High Commissioner
High Commission of India
31, Grange Road, Singapore - 239702
Email: hc.singapore@mea.gov.in
Phone: 65-62382518, +65-6238537
Embassy Details in IndiaH.E. Mr. Lim Thuan Kuan
Honorable High Commissioner
Singapore High Commission
E-6 Chandragupta Marg. Chanakyapuri. New Delhi 110021.
Email: singhc_del@mfa.sg.
Phone: +91-11-4600-0800