Aged care and new technologies are sectors to target for Queensland businesses wanting to enter the Singapore market.
This is just some of the expert advice shared in TIQ’s new video, Market Insights: Singapore.
The two-minute video features John Osborn, TIQ’s Director of International Business in Singapore, explaining key trends and opportunities in the nation-state.
Mr Osborn said the Singaporean economy has slowed a little but opportunities still exist for Queensland businesses that know where to look.
‘[The Singapore Government] has invested significant funds into incentives, particularly in the aged care area, new technologies, and endeavouring to find ways for companies to fine tune their operations,’ he said.
Mr Osborn also offers valuable insights into Singapore’s business culture, including what it takes to establish a business relationship there.
‘Be really well prepared, have your documentation in order, and be very patient,’ he said.
‘You won’t necessarily get a deal done in the first meeting … but Singapore is fertile ground for opportunities coming out of Queensland.’
Market Insights: Singapore is the second in a new video series being produced as part of the Queensland Trade and Investment Strategy 2017–2022.
Market Insights: Hong Kong was released in July.
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