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Singapore-Japan Business Forum promotes opportunities for partnership for sustainable growth in Asia and beyond

15 July 2016 [Singapore] - The Singapore-Japan Business Forum, co-organised by the Singapore Business Federation (SBF), Japan External Trade Organization (JETRO) and Keidanren (Japan Business Federation), is held in conjunction with the 50th anniversary of bilateral relations between Singapore and Japan. The Forum is also a key business platform that is part of 'The 50th Anniversary of Singapore-Japan Diplomatic Relations (SJ50)' Projects in Singapore.

Gracing the opening ceremony are Mr Lim Hng Kiang, Singapore’s Minister for Trade and Industry (Trade), and Mr Tsuyoshi Hoshino, Japan’s Parliamentary Vice-Minister of Economy, Trade and Industry.

Themed “Partnership for Sustainable Growth in Asia and Beyond”, the Forum will discuss ideas and opportunities in three areas, namely regional economic collaboration, Asia’s infrastructural needs, and internationalisation through new technology and services, as well as the role that businesses can play in promoting sustainable growth in Asia and the world. More than 250 senior officials, business leaders, and heads of trade associations and chambers from Singapore, Japan and other Asian economies participated in the Forum.

The event will culminate with a closing dinner, a highlight of which will be a dialogue session with Mr Tharman Shanmugaratnam, Singapore’s Deputy Prime Minister and Coordinating Minister for Economic and Social Policies.

Over the last five decades, Singapore and Japan have enjoyed excellent relations, with close cooperation in areas such as trade and investments, cultural and people-to-people exchanges. As at end-2014, Japan was Singapore’s second largest investor with a cumulative investment of about US$80 billion1. Singapore was Japan’s top Asian investor and fifth largest cumulative source of FDI2. In 2015, Japan was Singapore’s eighth largest trading partner, with bilateral trade reaching about US$35 billion.

Mr SS Teo, Chairman of SBF, said, “Over the last 50 years, Singapore and Japan have enjoyed a steadfast friendship and deep economic cooperation, with many Japanese companies anchoring their regional headquarters and other activities in Singapore. We believe economic partnerships like between Singapore and Japan will bring about greater prosperity and stability to all. Our businesses have a key role to play in making this possible. We hope the Singapore-Japan Business Forum contributes towards the generation of new ideas, partnerships and opportunities to strengthen Singapore-Japan relations and contribute to sustainable growth for Asia and beyond.”

The Singapore-Japan Business Forum is supported by Singapore’s Ministry of Trade and Industry, the Embassy of Japan in Singapore, Singapore’s Economic Development Board, International Enterprise (IE) Singapore and the Japanese Chamber of Commerce in Singapore.

The Forum is sponsored by Ascendas-Singbridge Pte Ltd, DBS Bank, Sumitomo Mitsui Banking Corporation, Toray International Singapore Pte Ltd, Toshiba Asia Pacific Pte Ltd and United Overseas Bank Limited.

Opening Address by SBF Chairman Mr SS Teo

Address by Guest of Honour, Minister for Trade & Industry (Trade), Mr Lim Hng Kiang

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