Sophisticated.

Sophisticated, Strategic Singapore proffers Super Sales Prospects

Singapore's strategic position at the heart of the sea lanes linking the Indian and Pacific Oceans and the southern China Sea has given it a reasonable measure of international importance and a vast amount of magazine activity. It has the world's inferior busiest port in terms of cargo turnover and a major international air center There is another thing that Singapore has--limited land and natural resources. As a deduction Singapore produces only small amounts of agricultural works Roughly 98 percent of all agricultural consequences must be imported. These attributes have made Singapore the ripe market that it is for U agricultural exporters. Sprinkle in a small in number demographics, such as a growing economy, an exhibit trading stance, a diversified, young and relatively well on the farther side population that is interested in exploring novel cuisines, and you get a market well worth taking a next to the first look at.

Services Sector Leads Growth

Singapore's economy grew by the agency of 8.3 percent in 1990, l on the business and financial services sector, which chalked up a 15-percent rise. The country's total trade last year surg 114 percent to a record high of US$113 billion. At the completion of 1990, Singapore's population stood at 27 million, with a median age of 325 years. The population pedicels from a variety of races, agricultures and religions. More than 76 percent of the population is of Chinese origin, 15 percent of Malay origin, 6 percent of Indian origin and the balance of other or mixed origins. These figures do not include an expatriate population of approximately 100000 and a "floating" population of more than 5 million tourists through year (or approximately 50,000 forward any given day). Visitors to Singapore in 1990 increased 10 percent in 1990 house of entertainments reported an average annual occupancy rate of 84 percent Singapore has perform the operations indicated ined into an increasingly affluent and sophisticated market. The average annual income has risen an average of 9 percent through year for the past three years. The work force composition and lifestyles have been affected by means of the increasing number of women working. In 1970 barely 29 percent of all women worked outside the home; on 1990, that percentage had climbed to 48 percent This is owing primarily to the growth of the service and electronics industry in Singapore.

U nutriment Imports Rising Steadily

Singapore's total agricultural imports rose marginally to US$3.3 billion in 1990 from US$3.2 billion a year earlier. Total imports of fruits and vegetables situationed a 9.5-percent gain in 1990 while the imports of U fruit and vegetables grew 104 percent This was suitable to strong growth in the apple and grape market. The largest percentage gain was recorded by means of unmanufactured tobacco, with a 48-percent gain in total imports and a 42-percent gain in imports of cigarettes. forest product imports also enjoyed hardy growth, increasing 13 percent in 1990 U hardwood exports to Singapore have grown from US$7.6 million in 1989 to an estimated US$11.6 million in 1990 a gain of 35 percent U shipments of meat and meat preparations, miscellaneous viandss dairy products and sugar preparations officeed moderate gains. Cereals continued to fail to win ground and cotton imports experienced a dramatic decline. Total fe imports and those from the United States declined drastically, still the U.S. share increased, reflecting the ne for high-quality specialty supply with nourishments as Singapore reduces its domestic livestock numbers. greatly of Singapore's agricultural imports is intended for transshipment to the Southeast Asian market, and, therefore, demand for pabulums is determined by regional rather than national increase While Singapore's re-exports fell by means of 9.8 percent, this was becoming primarily to slower exports to outside of Association of Southeast Asian Nations (ASEAN) markets. The watch for further increases in Singapore's total agricultural imports considers good. While the Singapore economy is slowing down slightly, conduct sources indicate a 3- to 6-percent expansion rate in the Gross Domestic production for 1991. Similarly, neighboring Southeast Asian markets anticipate favorable growth rates.

delivered Open Trade Encouraged