Israel in Singapore

ISRAEL SINGAPORE RELATIONS

A Symbol of Global Solidarity
The relations between Singapore and Israel are rooted upon shared values and perceptions. The right of existence of small countries has always been mutually perceived as of vital importance, thus contributing to the formalization of the bilateral ties. And indeed, Israel has held a representation in Singapore since its earliest days, taking formal shape in 1968.

Other shared understandings include the comprehension of the necessity to develop wide international trade relations, in order to overcome geographical limitations. This shared view led to a significant growth in mutual cooperation. Singapore is a hub for Israeli business and regional trade, while a growing number of members of both business communities seek opportunities for joint operations in biotechnology, IT and software industries, where both countries relative advantages are most valuable.
Several bilateral agreements provide a solid framework for substantiating cooperation in areas such as healthcare, investments and technological research & development, highlighting the Governments’ efforts to further deepen ties to the benefit of both peoples.

Cultural exchange has been accentuated by encouraging the participation of Israeli artists in international events in Singapore, cultivating a broad interest in Israeli performing arts in areas such as dance, art, theatre and music. The yearly Film Festival has grown to become a cornerstone in the structured framework of activities.

Israel cherishes the long-standing friendship with Singapore as a symbol for global solidarity and support for human prosperity and world peace.
ISRAEL SINGAPORE COOPERATION

Singapore-Israel Industrial R&D Foundation (SIIRD)
Established in 1997, the Singapore-Israel Industrial R&D Foundation (SIIRD) is a co-operation between the Singapore Economic Development Board (EDB) and the Office of the Chief Scientist (OCS) in Israel to promote, facilitate and support joint industrial R&D projects, between companies from Israel and Singapore, which would lead to successful commercialization.

Strategically located at the crossroads of Asia, Singapore aims to serve as a compelling business hub for interested investors from all over the world. Singapore is a good launch pad for Israel companies seeking to globalise their businesses. Singapore is host to nearly 6000 MNCs from all over the world, among which 3000 use Singapore as their regional headquarters. Israeli companies can collaborate with this large pool of MNCs to expand their businesses globally.

The World Economic Forum (WEF) has classified Israel as one of the leading countries in the world in technological innovation. In the 2008-2009 WEF Global Competitive Index Report, Israel received an overall rank of the 23th most competitive country. The 2008 IMD World Competitiveness Yearbook ranked Israel as the 20th most competitive country in the world.

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