Australia – Singapore: A new era of cooperation

Australian businesses are being encouraged to take advantage of the opportunities offered by new strategic partnerships between Australia and Singapore.

This week the Australian Chamber of Commerce Singapore (AustCham Singapore) along with Australia’s High Commissioner to Singapore, Senior Trade Commissioner and representatives from Australian companies with strong presence in Singapore will be embarking on a four city tour of Australia speaking to Australian businesses and government.

Ian Cummin, AustCham Singapore President said the Australia-Singapore Comprehensive Strategic Partnership (CSP) has further strengthened economic, defence, and social ties between the two countries.

“This week we will be speaking to businesses in Melbourne, Sydney, Canberra and Townsville about how they can take advantage of these developments, and what they want to see as the next steps in building this already strong relationship.

“The time for businesses to take advantage of these new developments is right now,” he said.

“Australia offers high quality goods and services well in demand from the Singapore and broader South East Asian economies and we should do more to take advantage of these opportunities,”

Among the benefits of the CSP are the opening of the flow of goods, services and investment between countries.

“The Partnership also focuses on the fostering of innovation and entrepreneurship, and the easing of entry and residency requirements for Australians in Singapore,” Mr Cummin said.”

“These changes make it easier than before to live and work in Singapore.”

“What this means is Australian businesses have an excellent and receptive entry point into the growth markets of Asia.”

Note: AustCham Singapore is the peak body representing Australian business in Singapore and is one of the largest Australian business chambers in Asia

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