Monday, 31 October 2011

International Enterprise Singapore.


International Enterprise Singapore is a statutory board under the Ministry of Trade and Industry of the Singapore Government that facilitates the overseas growth of Singapore-based companies and promotes international trade.The main purpose of IE Singapore is to drive Singapore's external economy, by partnering Singapore-based companies in their international expansion and promoting international trade to ensure Singapore's growth in a globalised world.
With 38 offices in 20 countries, in addition to being based in Singapore, IE Singapore offers services to help enterprises export, develop business capabilities, find overseas markets and to enter new markets, through its "3C" framework of assistance - Connections, Competency and Capital. It also anchors global trading companies in Singapore and positions the country as a base to expand into the region in partnership with Singapore-based enterprises.
There is some overlap with the mandates of other statutory boards under the umbrella of the Ministry of Trade, such as the Economic Development Board, SPRING Singapore and the Agency for Science, Technology and Research. However, it is officially considered to be the "primary" or "lead" agency dealing with such matters.IE Singapore is analogous to other trade and export promotion agencies such as the Australian Trade Commission (Austrade) and the Japan External Trade Organization. However, their roles differ to reflect the different economic strategies envisaged by their respective governments, which also depend on the relative profile and orientation of their economies. IE Singapore, for example, focuses also on investment matters, while organizations such as JETRO have also shifted to activities such as import promotion. It is one of many examples of Trade Promotion Agencies (TPOs) internationally facing change, and having adjusted their mission appropriately to suit the times.

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