Committee for strengthening Singapore’s competitiveness conducts first meeting

Discussions focused in future growth industries and markets.

Seizing opportunities in the global marketplace had been the focus for the maiden meeting of Singapore’s sub-committee to strengthen the city-state’s competitiveness.

According to a press release by the Ministry of Trade and Industry (MTI), the members noted that one of Singapore’s key advantages was the ability to facilitate collaboration across different industries and partnerships between government and industry to create opportunities for growth.

Additionally, the meeting discussed the island nation’s potential to serve as a test-bed to develop solutions for global problems, and the need to develop an entrepreneurial mindset.

“Asia’s growing needs, global technological trends, and novel business models are creating new opportunities. We are also seeing closer linkages across industry sectors,” Trade minister S Iswaran said.