When Singapore was originally born in its modern form, its prospects were not promising. However, through discipline, ingenuity, and embracing free trade, the country has grown into one of the world’s greatest success stories. Today, Singapore is the largest commodity trading hub in Asia as a result of prudent policies and the creation of one of the world’s best environments for business.
Freedom, Ease, Stability
It is these three pillars upon which Singapore has built its success. Anyone is free to trade in Singapore with few obstacles and low taxes and costs. Setting up a business in Singapore is a breeze and, due to its exceptional monetary and fiscal policies, it is a stable financial center that has earned the trust of the world. Through these measures, Singapore has created a trading center with many potential advantages.
Geographically and Politically Centred
Singapore is perfectly placed, geographically to take advantage of the coming Asian Century, with three of the top 5 world economies now in Asia. Singapore also maintains excellent diplomatic relations with almost everyone, making it an ideal venue for participants who do not wish to interact directly. Easily accessible from anywhere in the world, the country is also located along with one of the world’s busiest shipping lanes, at a crossroads between east and west.
Financial Strength and Stability
With a world-class, free and open financial system, Singapore is often referred to as the Switzerland of the east. It is also one of the largest foreign exchange markets in the world and provides the best US dollar liquidity in Asia.
Trade Centre
The favorable business conditions in Singapore have attracted traders from all over the world and from different sectors, creating a hub of opportunity for trade interactions. If something is traded anywhere, it is also probably traded in Singapore. This also means that Singapore has various sophisticated markets providing instruments such as derivates swaps to help traders mitigate risk.
Top Class Workforce
Singapore is home to a highly qualified, English-speaking but multilingual workforce. Whatever skillset you are looking for, you will probably find it in Singapore.
Whatever your business, but particularly for commodities trading, Singapore is an ideal hub and venue. It is a modern city-state with all the necessary infrastructure in place and a diverse community to support the success of any endeavor.
