Low Yen Ling on support for Singapore businesses in the region amid challenges

China remains a vital key market for Singapore businesses. Its long-term economic outlook remains positive due to its large and growing consumer market, skilled workforce and rapid technological developments. To tap into the opportunities in China, Singapore has upgraded the Singapore-China Free Trade Agreement to offer companies better market access for investments and services. It has also broadened its engagements with China and is strengthening its regional economic integration with China. To navigate the evolving business environment and seize fresh opportunities for Singapore, firms can tap on Enterprise Singapore's extensive network of overseas centres and the two Singapore Enterprise centres in Shanghai and Chengdu. In addition, Enterprise Singapore manages various programmes to help companies expand in new markets. Minister of State for Trade and Industry Low Yen Ling highlighted these initiatives in reply to an MP’s questions in Parliament on Wednesday (Feb 28).