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EU-SingaporETrade & Investment

European Union

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European Commission, Court of Justice & Court of Auditors

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Do you want to know more about the EU? Visit our website at

www.europe.org.sg

EU-SINGAPORE TRADE & INVESTMENT 2010 | 01

EU-SINGAPORETrade & Investment

2010Contents

2 MessagefromtheEUTradeCommissioner, KareldeGucht

4 MessagefromtheEuropeanUnionAmbassadortoSingapore, HolgerStandertskjöld-Nordenstam

6 Introduction

9 EU—TheWorld’sNo.1Economy

13 TradeandInvestmentRelationswithSingapore

22 TradeandInvestmentRelationswithASEAN

27 EUDelegationsinASEAN ContactInformation

30 EuropeanChambersofCommerceinASEAN ContactInformation

32 AbouttheEUDelegationtoSingapore

02 | EU-SINGAPORE TRADE & INVESTMENT 2010

ThecommercialandpoliticaltiesbetweenEuropeandSouth-EastAsiahaveexistedforcenturies,andtheyhavegrownfromstrengthtostrengthastheworldeconomyhasbecomemoreglobalised.TherolethatSouth-EastAsia,andespeciallySingapore,playsinglobalsupplychainsisdemonstratednotonlybytheflowofgoodsimportedfromtheregiontotheEU,butalsobythegrowingpresenceofEuropeancompaniesintheregion.

TheEUseekstoimproveconditionsfortradeandinvestmentwhereverpossible.Ourpriorityfortradeliberalisationisthroughmultilateralarrangements,andourmainfocuscontinuestobeworkingwithourpartnersattheWorldTradeOrganisation(WTO).However,werecognisethatthereisscopefordeepercooperationbetweentheEUandkeypartnerssuchasSingaporethatcomplementsthemultilateraltradeagenda.

Indeed,theEUandSingaporeshareanumberofcommongoalsandhavebothrecognisedthebenefitsofregionalintegration.ThefuturewillseeanongoingpartnershipthathasplacedtheEUamongSingapore’sfirsttradingpartners,andSingaporeistheEU's12thlargesttradingpartner.Furthermore,theEUandSingaporehaveinvestedover€100billionineachother'seconomiesovertheyears.BeingoneoftheEU'smostimportanttradingpartnersinAsiaandthebiggestinASEAN,SingaporeisinfactakeypartnerfortheEU.

Messagefrom

TheEUTradeCommissioner

Inordertodeepenevenfurtheroureconomicandtraderelations,Singapore’sMinisterforTradeandIndustryMr.LimHngKiangandIdecidedtolaunchnegotiationsforafree-tradeagreement(FTA)betweentheEUandSingaporeon3March2010.TheEU–SingaporeFTAmarksamilestoneintheEU'slongstandingrelationswithSingaporeandanimportantstepping-stoneinourengagementwiththeASEANregion.

Ihopethatthisbookletwillserveasausefulsourceofinformationforbusinesses,officialsaswellasthebroaderaudiencetolearnaboutandbuildupontheexcellenttiesthatexistbetweentheEUandSingapore.

Karel De GuchtEUTradeCommissioner

TheEUandSingaporesharemanycommonfeaturesandvalues,suchasadeeprespectforcultural,religiousandlinguisticdiversityandacommitmenttoregionalintegration.

Throughoutthesepages,youwilldiscoverthatwith27MemberStates,nearly500millionpeopleandthelargestGDPintheworld,theEUisofcriticalandincreasingeconomicimportancetoSingapore,evenmoresoinasluggishworldeconomicenvironment.

Thisbrochureisdesignedtogiveyouanoverviewof:

•TheEUintheworldineconomicterms;

•TheEUtradeandinvestmentrelationswithSingapore;

•TheEUtradeandinvestmentrelationswithASEAN.

Messagefrom

EuropeanUnionAmbassadortoSingapore

InadditiontolearningthattheEUistheworld’slargesteconomy,youwilldiscover,amongotherthings,thattheEUisSingapore’slargesttradingpartnerandisthelargestsourceofforeigndirectinvestment(FDI)intoSingapore.TheEUalsohasaconsiderablebusinesspresence(withabout8,000EuropeancompaniesoperatinginSingapore),whichissupportedbytheEuropeanChamberofCommerce(EuroCham)andtheEuropeanNationalBusinessGroups.Theon-goingfree-tradeagreementnegotiationsbetweentheEUandSingaporearefurtherproofoftheimportancebothpartiesattachtodeepeningevenfurtheroureconomicrelations.

IhopethatthisbookletwillenhanceyourunderstandingofthesignificanceofthetraderelationshipbetweentheEUandSingapore.

Holger Standertskjöld - NordenstamAmbassadorandHeadofDelegation

TheEUhas27MemberStates,nearly500millionpeopleandthelargestGDPintheworld.TheEU is of critical and increasing importance to Singapore and ASEAN.

The EU and ASEAN are both groupings of like-minded countriesthathave,intheirownways,embarkeduponregionaleconomicintegrationandclosecooperationinmanyfields.Althoughthetworegionshavedistinctfeaturesandverydifferentstartingpoints,theyhavebothbeensuccessfulindismantlingtradebarriersandbuildinglastingmechanismsforpolicycoordination.

ASEANisagroupofheterogeneouscountries,mostofwhicharestillclassifiedasdevelopingcountries.Singaporehasgrowntobecometheregion’smostprosperouscountrylargelybasedonitspositionasatradinghubcloselyconnectedtoglobalcommerce.

Itssuccessasatradingnationisbeingfollowedbyitsmuchlargerneighbours,whohavealsoshownagrowingpotentialtoreapthebenefitsofglobalisation.TheASEANCharterhasthepotentialtooffertheregionincreasingmomentumbyboostingtradeandreinforcingeconomiccooperation.

TheEUisofcriticalandincreasingimportancetoSingaporeandASEAN

Introduction

TheEUandASEANarebothgroupingsoflike-mindedcountries

The EU is ASEAN’s largest overall trading partner, ahead of China and the United States.Infact,theEUaccountsfor11.3%ofASEAN’stotalexternaltrade.In2008,overallmerchandisetradebetweenASEANandtheEUamountedto€143billion.

In 2009, the EU was Singapore’s largest trading partner. AccordingtostatisticsfromSingapore,theEUaccountsfor11.6%ofSingapore’stotalexternaltrade.ThisfigureputstheEUaheadofChina,theUnitedStatesandotherASEANmembersincludingMalaysia.Singapore is also the EU’s number one trading partner in ASEAN.Moreover,theEUisbyaclearmarginthemost significant source of FDI in Singapore.

Thisprivilegedrelationshiphasanevenbrighterfutureaheadasnegotiationsonafree-tradeagreementbetweenthetwoeconomiesareexpectedtobesealedinthenearfuture.

TheEUisSingapore’slargesttradingpartnerandmostsignificantsourceofforeigndirectinvestment

TheEUisASEAN’slargestoveralltradingpartner,aheadofChinaandtheUnitedStates

• 28%ofglobalGDP–theworld'slargesteconomy• 500millionconsumers–theworld'smostlucrativemarket• 21%ofglobalcross-bordertrade–theworld'slargesttradingblock• 50%ofglobaloutwardFDI–theworld'slargestoutwardinvestor• 43%ofglobalinwardFDI–theworld'sprimeinvestmentdestination• Asinglemarket,asingletariff,asinglesetofrules

EU in the World

EU–TheWorld'sNo.1EconomyTheEUistheworld’slargesteconomywitha28%shareofworldGDP

TheriseofemergingAsiancountriesasmanufacturingcentresintheglobalmarketplacehasbeentrulyremarkable.Increasinglysophisticatedsupplychains,cheapandefficientcommunicationtechnologiesandtheavailabilityofvastamountsofcheapbutskilledlabourhavemadethesecountriesundisputedbeneficiariesofglobalisation.TheEUhasalsobenefitedfromthesedevelopments.

TheEUcomprises27MemberStates.Itstradingpartnersbenefitgreatlyfromsuchalargemarket,inwhichasinglesetoftraderules,asingletariff,andasinglesetofadministrativerulesapplyacrossthearea,making iteasier forcompaniestodobusinesswiththeEU.

The EU is the world’s largest economy with a 28% share of world GDP, and its 500 million inhabitantsmake ittheworld’s most lucrative consumer market.Itisalsotheworld’s largest tradingentity,accountingfor21%ofglobaltradeingoodsand44%ofglobaltradeifonetakesintoaccounttradebetweenEUMemberStates.Of the top trading nations, six belong to the EU. Furthermore,theEUaccountsfor26%ofglobaltradeinservices(excludingtradeinservicesbetweenEUMemberStates).

World leading nations/entities in merchandise trade in 2008 (€ billion)

Source:WTO,WorldTradeReport2009,Eurostat

900080007000600050004000300020001000

Italy UK

TheEUisawell-establishedglobaleconomicpowerhouse,withgrowthratesmatchingthoseoftheUnitedStates.Between2000and2008theEUhadanannualGDPgrowthof2.2%onaverage,whereasthatoftheUSAgrewby2.3%annuallyoverthesameperiod.

TheEU’sstrengthisfurthersubstantiatedbythefindingsoftheWorldEconomicForum’sGlobalCompetitivenessReport(2009-2010),showingthatfiveoutofthetenmostcompetitivecountriesintheworldareEUMemberStates.AlsonoteworthyisthatSingaporeisinthirdplaceinthisranking.

CountrySwitzerlandUSASingaporeSwedenDenmarkFinlandGermanyJapanCanadaNetherlands

Global CompetitivenessIndex (GCI) 2009-2010

rank12345678910

GCI2009-2010

score5.605.595.555.515.465.435.375.375.335.32

Source:WorldEconomicForum,GlobalCompetitivenessReport2009-2010

European companies are world champions of globalisation,demonstratedbythefactthatoutoftheworld’stop-20non-financialmultinationalcorporations(MNCs)rankedbyforeignassets,14arefromtheEU,accordingtoUNCTAD.The EU is the world’s biggest investor.In2008,foreigndirectinvestments(FDI)abroadamountedtoaroundUS$8.08trillion.Thiscorrespondsto50%oftheworld’stotalexistingoutwardFDIstock.In2008,theEUwasthesourceof45%oftheworld’sFDIoutflows.

ThefactthatEuropeancompaniesaretheworld’smostactiveinvestorsoverseasisnotanindicationofalackofopportunitiesforgrowthintheirhomemarket–onthecontrary, the EU remains the world’s number one location for FDI.In2008,theEUwashosttoforeigninvestmentsworthUS$6.4trillion,whichcorrespondstoaround43%oftheworld’stotalinwardFDIstocks.GrowthinFDIannualinflowstotheEUhasincreasedconsiderablysincethe1970s.IntermsofFDIinflows,ChinaandtherestofAsiastillhaveconsiderablecatching-uptodo:in2008,inflowstotheEUtotalledUS$503billion,whereasChinareceivedUS$108billion,andAsiaasawholeUS$388billion.

Europeancompaniesareworldchampionsofglobalisation

TheEUremainstheworld’snumberonelocationforFDI

TheEUistheworld’sbiggestinvestor

Source:UNCTADWorldInvestmentReport2009

Stocks of inward FDI US$ Billion

1990 2000 2008

EUUSAsiaHongKongJapan

Source:UNCTADWorldInvestmentReport2009

Stocks of outward FDI US$ Billion900080007000600050004000300020001000

01990 2000 2008

EUUSAsiaJapan

Trade & InvestmentRelations withSINGAPORE

In2009,theEUbecameSingapore’slargesttradingpartner ingoods.AccordingtotheSingaporeDepartmentofStatistics, in2009,theEUaccountedfor11.6%ofSingapore’stotalexternaltrade,purchasing9.5%ofSingapore’sexportsandproviding14%ofitsimports.ThesefiguresputitaheadofChina,theUSAandotherASEANmembers.EU–SingaporeoverallmerchandisetradeamountedtoS$86.8billion,a33%increasefromits2003levelofS$65.1billion.

ThegrowthinEU–SingaporetradecanbelargelyattributedtotheroleofSingaporeasatradinghubinSouth-EastAsia.AstheASEANcountriescontinueonthepathofregionalintegration,thestrategicpositionofSingaporeisbecomingincreasinglyattractivefortradingpartnerssuchastheEU.

Singapore is the EU’s number one trading partner in ASEAN, largelybyvirtueofitsstrongabsorptioncapacityandgatewayadvantagestowardstheSouth-EastAsianregion.Globally,Singapore is the EU’s 12th largest trading partner, while it ranks fifth in Asia.

Overtheyears,tradeingoodsbetweentheEUandSingaporehasbeenexpandingstrongly,reachinganaverageannualgrowthrateofabout9.5%fortheperiod2003-2008.ThisishigherthanthegrowthinSingapore’stradewithMalaysia,JapanandtheUSA.However,duetothefinancialandeconomiccrisis,andthecollapseofworldtrade,EU–Singaporetradefellby9%in2009.In 2009, the EU recorded a trade surplus of €5.8 billion.

TheEUisSingapore’slargesttradingpartner

1.TradeinGoods

SingaporeistheEU’s12thlargestpartnerworldwide

StrongtradegrowthbetweentheEUandSingaporebetween2003and2008

Singapore’s top 10 trading partners in 2009

Rank12345678910

CountryEU

MalaysiaChinaUSA

IndonesiaHongKong

JapanKorea

TaiwanThailand

Share (%)11.611.510.19.07.86.66.05.24.23.5

Source:IESingapore,December2009

Source:Eurostat

Evolution of the EU’s trade with Singapore (€ billion)

ExportsImportsBalance

2004 2005 2006 2007 2008 2009

In2009,Singaporewasthe14thlargestexportrecipient,andthedestinationof1.9%oftheEU’stotalexports.ThismakesittheEU’s largest export market in South-East Asia.In2009,theEUexported€20.4billionworthofgoodstoSingapore.

EU exports to Singapore are concentrated in certain key product groups. Thethreemostimportantonesaremachineryandtransportequipment(accountingfor56.6%),chemicals(11.8%)andmiscellaneousmanufacturedarticles(8.6%).

TheEUimported€14.59billionworthofgoodsfromSingapore,makingitSingapore’sfourthbiggestclient.SingaporeistheEU’s17thlargestsupplierofgoods.

Singaporesupplies1.2%oftheEU’stotalimports,withacomparativelystrongroleincertainsectors.Forinstanceinchemicals,Singaporesupplies4%oftheEU’simports,andinmachineryandtransportequipmentitsshareis2%.ThesetwoproductgroupsaccountforthemajorityoftheEU’soverallimportsfromSingapore,withchemicalsaccountingfor28.2%andmachineryandtransportequipmentfor46%ofthetotal.

SingaporeisanimportantexportmarketfortheEU

TheEUisanimportantexportdestinationforSingapore

Trade in goods between the EU and Singaporein 2009: main product categories

European Union imports from Singapore(products by order of importance)

TOTALMachineryandtransportequipmentChemicalsandrelatedproductsMiscellaneousmanufacturedarticles

European Union exports to Singapore(products by order of importance)

TOTALMachineryandtransportequipmentChemicalsandrelatedproductsMiscellaneousmanufacturedarticles

%100.0046.028.26.4

%100.0056.611.88.6

€million14,5906,7154,108928

€million20,43511,5572,4061,766

EU Member States’ merchandise trade shareswith Singapore in 2009

Source:SingaporeDepartmentofStatistics

Germany20%

Belgium6%

France20%

Netherlands14%

Italy5%

Other EU19%

Trade in services between the EU and Singapore is growing at a steady rate. It amounts to more than half of the value of EU–Singapore trade in goods.In2008,EUcountriesgeneratedasurplusof€3.3billionfromoverallservicestradeof€20.6billionwithSingapore.

ThisnumbermakesSingapore the EU’s sixth largest trading partner in services.Themajorcategoriesofservices imported toSingaporeareroyaltiesandtransportationwiththelatter also being Singapore’s mostexportedservice.

Major services categories

TransportationInsuranceConstructionFinancialComputerandinformationRoyaltiesSocialTraderelatedBusinessmanagementCommunicationsandotherservices

Singapore-EU trade in services by major servicescategories in 2008 (S$ million)

Import (From EU

to Singapore)6,842.6

391.5115.9507.4339.3

6,969.1132.41,207.72,272.5

2,584.9

Export (FromSingapore

to EU)9,235.2

115.157.0

2,248.1214.070.928.4

2,025.53,270.0

1,806.1

2.TradeinServices

SingaporeistheEU’ssixthlargesttradingpartnerinservices

TradeinservicesbetweentheEUandSingaporeisgrowingatasteadyrate

Thefiguresfrom2008showthattheEUisthemostsignificantsourceofFDIinSingapore.TheEU FDI stock amounted to S$142 billion (30% of total), with the USA at S$52 billion (11% of total) and Japan at S$49 billion (10.5% of total).ThemostimportantsectorsforEUFDIinSingaporearemanufacturing,andfinancialandinsuranceservices.Over 8,000 EU companies are present in Singapore.

TheEUFDIstockinSingaporehasexperiencedverystronggrowthinthepastdecade,increasingfrom S$45 billion to S$142 billionduringtheperiod 1999-2008.In2008,whichisthelatestyearforwhichcomparablefiguresareavailable,Singapore hosted more than 60% of EU FDI in ASEAN.DespitetheintensifyingcompetitionforFDIamongAsiancountries,SingaporewasthelargestAsiandestinationforEUFDIoutflows,aheadofJapan,MainlandChinaandHongKong.

Attheendof2008,thetotalstockofSingapore’sFDIintheEUstoodatS$34billion,whichaccountsfor 11.4% of Singapore’s total FDI stock abroad. Singapore is among the biggest external investors in the EU.Singaporeaccountsformorethan95%oftheFDIfromASEANtotheEU;andoutofallAsianFDIstocktotheEUitrankssecondwithashareof16%,onlyafterJapan.

ThelargemajorityofSingapore’sFDIwithintheEUisinthefinancialandinsuranceservicesandthemanufacturingsectors,followedbyinformationandcommunicationsandwholesaleandretailtrade,hotelandrestaurantservices.

Duringtheperiod1995-2008theFDIstockincreasedmorethansix-fold,fromS$5.2billiontoS$34billion.

StronggrowthofSingapore’sFDIstockintheEU

TheEUisthebiggestsourceofFDIinSingapore

Morethan8,000EUcompaniesarepresentinSingapore

VerystronggrowthofEUFDIstockinSingapore

3.ForeignDirectInvestment

SingaporeisamongthebiggestexternalinvestorsintheEU

SingaporeisthelargestAsiandestinationforEUFDIoutflows

FDI to and from Singapore(stocks at year end, S$ billion)

01999 2000 2001 2002 2003 2004 2005 2006 2007 2008

SingaporetoEUEUtoSingaporeUSAtoSingaporeSingaporetoUSA

FDI from the EU to ASEAN countries(annual outward stocks, € million)

Source:EuropeanCommission/DGTrade

02002 2003 2004 2005 2006 2007 2008

SingaporeThailandMalaysiaIndonesiaPhilippines

Share of Foreign Direct Investment in Singaporeby country/region of origin (2008)

Rest of the world, 45% Japan, 10%ASEAN, 4%

EU, 30%

USA, 11%

Trade & InvestmentRelations withASEAN

TheEUisASEAN’slargesttradingpartner

Asawhole,ASEANistheEU’sfifthtradingpartner

Singaporerepresentsaboutone-thirdofEU’stradeingoodswithASEAN,and60%ofEU’sinvestmentsinASEAN

The EU is ASEAN’s first overall trading partner. Infact,theEUaccountsfor11.3%ofASEAN’stotalexternaltradeingoods,purchasing12.1%ofASEAN’sexportsandproviding10.4%ofitsimports.In2008,totaltradebetweenASEANandtheEUamountedto€143billion.

Considering ASEAN as a single trading entity would give it a 5.1% share of the EU’s total external trade and put it in fifth place, ahead of Norway (4.6%), Japan (4%) and Turkey (3.5%).

ASEAN’stradewiththeEUhasbeengrowingsteadily.TheEUhadatradedeficit(€17.7billion)withASEANin2009.Onacountrylevel,theEUhasatradedeficitwithmostASEANcountries,exceptwithBruneiandSingapore.

Singaporerepresentsaboutone-thirdofEU’stradewithASEANand60%ofEU’sinvestmentsinASEAN.

In2009,EUexportstoASEANwereconcentratedinafewkeysectors.Headingthelistofthemostimportantproductgroupsaremachineryandtransportequipment(53.7%)chemicals(13.3%)andmanufacturedgoods(10.7%).TheEU’simportsfromASEANareconcentratedinmachineryandtransportequipment(40.9%)andmiscellaneousmanufacturedgoods(21%).

EU’s top trading partners in 2009

Rank12345:12222330364799138141145

CountryUSA

ChinaRussia

SwitzerlandNorway

SingaporeMalaysiaThailandIndonesiaVietnam

PhilippinesCambodiaMyanmar

LaosBruneiASEAN

Volume of goods traded (€ billion)

364.4296.3181

162.3106.3

3524.421.916.911.56.80.90.30.20.2118

Share (%)15.912.97.97.14.6

1.51.11.00.70.50.30.00.00.00.05.1

EU’s trade in goods with ASEAN countries (€ million)

Source:EuropeanCommission/DGTrade

02005 2006 2007 2008 2009

SingaporeMalaysiaThailandIndonesiaPhilippinaesVietnamCambodiaMyanmarBruneiLaos

Between2006and2008,theEU’sFDIoutflowstoASEANtotalledmorethan€37.1billion.In2008,theEUaccountedfor22%oftotalFDIinflowstoASEAN,aheadoftheASEANcountriesthemselves,JapanandtheUSA.

In2008,theEUFDIstockinASEANstoodat€117.7billion.ThestockinASEANhasseenverystronggrowthinrecentyears.ThelargestpartofEUFDIstockisconcentratedinSingapore,followedbyMalaysia,Indonesia,ThailandandthePhilippines.SeenfromtheEUside,FDIoutflowstoASEANin2008constituted38%oftheEU’stotalflowstoAsia(excludingtheNearandMiddleEast)andincreasedfrom€4.8to€17.7billionbetween2005and2008.Around86%ofthisFDIwenttoSingapore.

WhileinvestingincreasinglymoreinASEAN,theEU’sinwardFDIstocksfromtheregionmorethandoubledinjustfouryears,from€22.2billionin2004to€54.5billionin2008.

TheEUisthebiggestsourceofFDIinASEAN

TheEUishostingincreasinglymoreinvestmentsfromASEAN

•ASEANSecretariat

•EconomicDevelopmentBoard,Singapore

•EuropeanCommission/DGTrade

•IESingapore

•SingaporeDepartmentofStatistics

•UNCTADWorldInvestmentReport

•WorldEconomicForum

•WorldTradeOrganization

Unlessotherwisestated,allgraphsandtablesarebasedonstatisticsfromEurostat.

List of data resources:

DElEGAtIONS Of thE EUROPEAN UNIONIN ASEAN

Delegation of the European Union to Indonesia and Brunei DarussalamIntilandTower,16thFloorJ1.JendSudirman32,Jakarta10220Indonesia

PostalAddress:P.O.Box6454JKPDS,Jakarta10220Indonesia

www.delidn.ec.europa.eudelegation-indonesia@ec.europa.eu

Tel: (+62)2125546200Fax: (+62)2125546201

Contact Information

Delegation of the European Union to the Kingdom of CambodiaNo.1,Street21SangkatTonléBassac,KhanChamcarmonPhnomPenhP.O.Box2301Cambodiawww.delkhm.ec.europa.eudelegation-cambodia@ec.europa.eu

Tel: (+855)23216996|211102|220611 |220612

Fax: (+855)23216997

Brunei Darussalam

Cambodia

Delegation of the European Union toLao PDRSihomCommerceCenterBuilding,SouphanouvongAvenueVientianeLaoPDR

PostalAddress:P.O.Box9325Vientiane

www.dellao.ec.europa.eudelegation-laos@ec.europa.eu

Tel: (+856)21241134Fax: (+856)21241125|241137

Delegation of the European Union to MalaysiaMenaraTan&Tan,Suite10.01207JalanTunRazak,50400KualaLumpurMalaysia

www.delmys.ec.europa.eudelegation-malaysia@ec.europa.eu

Tel: (+60)327237373Fax: (+60)327237337

Delegation of the European Union to Thailand, Laos and Burma/MyanmarKianGwanHouseII,19thfloor140/1WirelessRoad,Bangkok10330Thailand

www.deltha.ec.europa.eudelegation-thailand@ec.europa.eu

Tel: (+66)23052600Fax: (+66)22559113

Malaysia

Myanmar

Delegation of the European Union to the Philippines30/FTowerII,RCBCPlaza6819AyalaAve.,MakatiCity1200Philippines

www.delphl.ec.europa.eudelegation-philippines@ec.europa.eu

Tel: (+63)28595100Fax: (+63)28595109

Delegation of the European Union to Singapore250NorthBridgeRoad#38-03RafflesCityTowerSingapore179101Singapore

www.europe.org.sgdelegation-singapore@ec.europa.eu

Tel: (+65)63367919Fax: (+65)63363394

Delegation of the European Union to ThailandKianGwanHouseII,19thfloor140/1WirelessRoad,Bangkok,10330Thailand

www.deltha.ec.europa.eudelegation-thailand@ec.europa.eu

Tel: (+66)23052600|2700Fax: (+66)22559113

Delegation of the European Union to Vietnam17th-18thfloorPacificPlaceOfficeBuilding83BLyThuongKiet,HanoiVietnam

www.delvnm.ec.europa.eudelegation-vietnam@ec.europa.eu

Tel: (+84)439410099Fax: (+84)439461701

Philippines

Singapore

Thailand

Vietnam

EUROPEAN ChAmbERS Of COmmERCEIN ASEANContact Information

The European Chamber of Commerce in Indonesia Wisma46,KotaBNI,25thFloorJl.Jend.SudirmanKav.1Jakarta10220Indonesia

www.eurocham.or.idinfo@eurocham.or.id

Tel: (+62)215722056Fax: (+62)215722057

EU-Malaysia Chamber of Commerce and Industry Suite3.03,Level3,MenaraAtlan(Naluri)161BJalanAmpang,50450KualaLumpurMalaysia

www.eumcci.comeumcci@eumcci.com

Tel: (+60)321626298Fax: (+60)321626198

European Chamber of Commerce of the Philippines

Manila Office 19/FAxaLifeCenterSen.GilPuyatAvenuecornerTindaloStreetMakatiCity,MetroManila,1200,Philippines

www.eccp.cominquiries@eccp.com

Tel: (+63)28451324Fax: (+63)28451395

Cebu Office3/FC.L.Center,14J.OsmenaSt.corLlorenteSt.,CebuCity,6000,Philippines

www.eccp.comcebu@eccp.com

Tel: (+63)322543767Fax: (+63)322533387

European Chamber of Commerce in Singapore 350OrchardRoad#19-06ShawHouseSingapore238868Singapore

www.eurocham.org.sgadmin@eurocham.org.sg

Tel: (+65)68366681Fax: (+65)67373660

European Chamber of Commerce in Vietnam

Hanoi Office G/FSofitelPlazaHanoi1ThanhNienRoadBaDinhDistrictHanoi,Vietnam

www.eurochamvn.orginfo-hn@eurochamvn.org

Tel: (+84)37152228Fax: (+84)37152218

Ho Chi Minh City Office 5thFloor,Eurocentre49MacDinhChiStreetDaKaoWard,District1,HoChiMinhCity,Vietnam

www.eurochamvn.orginfo-hcm@eurochamvn.org

Tel: (+84)838272715Fax: (+84)838272743

About the EU Delegation to Singapore

TheDelegationoftheEuropeanUniontoSingaporewasestablishedin2003anditwasofficiallyopenedinJune2004bytheformerEUCommissioner,Mr.ChrisPatten.

AsadiplomaticmissionoftheEuropeanUnionrepresentingtheExternalActionService,theDelegationworkstoenhancethevisibilityoftheEuropeanUnionandpromotesclosertieswithSingaporebyprovidinganefficientandreliablecommunicationchannelbetweentheEuropeanUnionandtheSingaporegovernment.

Italsoaimstopromotepeopletopeopleinteractionsbypromotingintellectual,culturalandeducationalexchangesthroughthevariouseventsandprogrammesadministeredandcarriedoutbytheDelegation.

ThespecifictasksoftheDelegationtoSingaporeareto:

•representtheEuropeanUnionintheexecutionofitscompetencies;

•enhancebilateralpolitical,economicandcommercialrelations;

•monitorperceptionofEuropeanUnionpolicies;

•promoteanddefendthevaluesandinterestsoftheEuropeanUnion;and

•pursueaninformationandcommunicationpolicyinlinewiththeEuropeanUnion’soverallstrategyinSouth-EastAsia.

TheEuropeanUnionhasanoverseasnetworkofover130delegationsandrepresentationsaroundtheworld.

Visitors from Europe are the second source of tourism in Singapore, after ASEAN, and ahead of China, the USA and OceaniaWithin the EU, the United Kingdom is the first source of visitors, followed by Germany, France and the Scandinavian countries. Over the past few years there has been an increase in the total number of visitors from Europe, making Singapore an important tourist destination.

The EU allows its citizens to travel, live and work in any EU country, in most cases without border controls or paperworkThe EU is constantly working to get rid of unnecessary borders and barriers to enable the free movement of people, goods and capital. Visitors also benefit from the Schengen visa arrangements, which now extend to 25 countries in Europe. If you get a visa for any Schengen country, it automatically allows you to travel to all countries within the group.

The EU is a leader in combating climate changePeople in Europe are very environmentally conscious. So the EU is spearheading world efforts to preserve the environment and promote sustainable development. In recent years it has been important to get as many countries in the world to take action to avoid climate change.

The EU is the biggest donor of development aid in the worldThe EU gives 56% of the world’s total development aid; this amounts to about €48 billion a year or €100 per European citizen. The EU also works for trade rules that are fair for poor countries. Furthermore, the EU gives the 49 poorest countries in the world complete duty and tariff free access for goods, except arms and ammunition, under the ‘Everything But Arms’ initiative.

The EU has ensured that there has been no war between its members for over 60 yearsThe EU rose from the ashes of World War II. It was set up to end the old hostilities that led to wars and to create prosperity through cooperation amongst all Europeans. The EU is now a family of 27 democratic European countries that share their efforts, ideas and resources to achieve peace and prosperity in Europe.

European UnionDelegation of the European Unionto Singapore250 North Bridge Road#38-03 Raffles City TowerSingapore 179101 Tel: +65 6336 7919Fax: +65 6336 3394Email: delegation-singapore@ec.europa.eu www.europe.org.sg

Printed on 1 July 2010

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