MINISTER OF STATE S
ISWARAN LEADS BUSINESS DELEGATION TO FURTHER ECONOMIC TIES WITH
ITALY, 14 TO 18 MAY 2007
Minister of State
for Trade and Industry Mr S Iswaran will lead a business delegation
to Italy
from 14
to 18 May to promote collaboration between companies from
Italy
and
Singapore.
His trip will cover the cities of Milan,
Bologna,
Rome
and
Turin.
Lying in the heart
of the Mediterranean,
Italy
has the
fourth-largest GDP in Europe
and is
home to almost 60 million consumers. Its key economic sectors
include automotives, chemicals, design and tourism. MOS Iswaran’s
visit seeks to boost bilateral
economic cooperation, particularly in the areas of automotives,
furniture and design.
During the
trip, MOS Iswaran is scheduled to meet major automotive companies
and visit key players in the furniture and design
sectors.
Singapore’s trade relations with
Italy
are fairly robust.In
2006, Italy was our 21st largest
global trading partner and our 5th largest EU trading
partner.Our trade with Italy was valued at S$5.09 billion, an
increase of 11.04% from S$4.58 billion in 2005.
MOS Iswaran will be
accompanied by officials from the Ministry of Trade and Industry,
Economic Development Board, International Enterprise
Singapore
and
SPRING as well as representatives from Singapore
companies in the
automotive and furniture sectors.
MINISTRY OF TRADE
AND INDUSTRY
SINGAPORE