Bilateral Cooperation between Bilateral Cooperation between Italian and Singaporean SMEsItalian and Singaporean SMEs

PRESENTED BY:TED TAN, DEPUTY CHIEF EXECUTIVE, SPRING SINGAPORE

11 DECEMBER 2013

ROUND TABLE DISCUSSION ON ITALY-SINGAPORE BUSINESS & INVESTMENT OPPORTUNITIES

Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties without prior written consent from SPRING Singapore.

Bilateral Trade and Investment Relations

Bilateral Cooperation between Italian and Singaporean SMEs

In 2012, Italy is Singapore’s 6th largest trading partner in the EU

Total bilateral trade at S$5.48 billion

Italy is Singapore’s 12th largest EU investor Total foreign direct investment into Singapore valued at

S$484 million at end-2011

327 Italian companies registered in Singapore Primarily in the services, electronics and chemical

sectors

As of end-2011, Singapore’s direct investments into Italy stood at approximately S$222 million

Singapore’s investments in Italy are concentrated in the financial services and manufacturing sectors

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Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties without prior written consent from SPRING Singapore.

MOU on the Cooperation of SMEs

Bilateral Cooperation between Italian and Singaporean SMEs

Signed between SPRING Singapore and the Italian Ministry of Economic Development on 24 July 2013

In effect for a period of 2 years

To encourage and forge strategic business collaborations and partnerships between Italian and Singaporean SMEs

SPRING had supported the Italian Trade Commission in a series of trade events (Cosmetic, Jewellery, Eyewear) from Oct – Nov 2013

Invited Singaporean SMEs and industry associations to attend the events Provided opportunities for Singaporean SMEs to network, share ideas and explore

potential collaborations with the Italian retailers

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Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties without prior written consent from SPRING Singapore.

Successful Collaborations

Bilateral Cooperation between Italian and Singaporean SMEs

Singapore has always had strong engagement with Italy in the furniture industry.

Singapore Furniture Industries Council (SFIC) has been actively helping Singaporean SMEs partner with world-class Italian furniture players and designers.

2012: A group of Italian furniture retailers were invited to Singapore to attend the International Furniture Fair.

2013: An inaugural showcase of Singapore’s finest furniture designs and collections at the Milan Design Week in Italy.

Singaporean SMEs, such as XTRA and Proof Living, have partnered with Italian counterparts by distributing their brands to South East Asia and Asia.

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Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties without prior written consent from SPRING Singapore.

Cultivate new Italy-Singapore SME partnerships beyond the furniture industry Other opportunities stated in the MOU include food, fashion and related

industries, lifestyle products, conventional and alternative energies, as well as industrial machineries

New Opportunities

Bilateral Cooperation between Italian and Singaporean SMEs

SPRING Singapore, IE Singapore, EDB can help create such new opportunities Identifying suitable local partners for Italian companies Facilitating exchanges of know-how and experts Creating networking opportunities between local and Italian companies Organising business development and study missions to Italy

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Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties without prior written consent from SPRING Singapore.

Singapore as a Gateway to Opportunities in ASEAN

Bilateral Cooperation between Italian and Singaporean SMEs

Singapore’s strategic geographical position, cultural proximity and strong connectivity with ASEAN

Singapore government’s pro-business policies and infrastructure World Bank has ranked Singapore as “The world’s easiest place to do

business” in 2012

EU-Singapore Free Trade Agreement (EUSFTA)

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Thank You