From survival to success — What’s next for Singapore’s economy?
You may be familiar with the history of how Singapore grew from a fishing village to the metropolitan city that it is today. With such a huge transformation, it is important to reflect on how we got here and what our next steps are.
To guide Singapore in charting its next lap of growth, the Ministry of Trade and Industry (MTI) has unveiled the Singapore Economy 2030 vision.
The strategic blueprint centres on four key pillars to propel Singapore's growth trajectory: Trade, Enterprise, Manufacturing, and Services.
Here are the important takeaways from the Singapore Economy 2030 vision:
Trade 2030
By 2030, Singapore aims to boost its export value to at least S$1 trillion and its international commodity trade flows to US$2 trillion (SGD$2.7 trillion). To achieve these goals, the Trade 2030 strategy focuses on anchoring new flows and growing trading volumes, deepening companies' efforts in key areas such as sustainability, and enhancing trade relationships with global economies.