Washington, DC—The DC Department of Small and Local Business Development (DSLBD), yesterday led a Singapore Business Opportunities Session designed to help DC small businesses access opportunities Singapore and other export markets in Southeast Asia. The session was designed and coordinated by DSLBD’s ExportDC team, and included experts from Orissa Associates Pte Ltd. and the Singapore Economic Development Board.
“DSLBD is committed to linking DC’s small and local businesses with global business opportunities in real-time,” said DSLBD Director Harold Pettigrew. “With insights from international resources like the Singapore EDB and Orissa Associates, and support from our federal and local partners, District businesses can feel confident about competing abroad and creating jobs here at home.”
“Our contacts in Singapore have expressed interest in partnering with District businesses,” said ExportDC Director Martha LaCrosse. “Particularly in the technology and sustainability sectors, there are opportunities for DC companies to grow their exports to Singapore and to markets in the greater Southeast Asia region.”
In 2011, Singapore was the United States’ eleventh largest export market and the US is Singapore’s number two importer of goods and services. The World Bank ranks Singapore as number one on its “Ease of Doing Business” ranking. Singapore is also major trading hub, importing and exporting a wide range of products from consumer goods to high technology and professional services. It is an ideal market for businesses seeking to export services directly, or looking for a gateway to the vibrant and growing markets of Southeast Asia.
“Businesses developing an export strategy for Asia need to include Singapore in their considerations,” said Weisheng Lee, Regional Director for Singapore EDB. “We’re glad that DSLBD shares that perspective, and we’re happy to share our insights on the Singapore market with DC businesses.”
In May, ExportDC led its first overseas trade mission to Singapore for the TradeWinds Asia trade conference and mission. In June, ExportDC led six District small businesses on a China trade mission spearheaded by the Mayor. Over the next 12 months, the ExportDC team plans at least one additional Asian trade mission.
To learn more about ExportDC, please visit http://dslbd.dc.gov/service/exportdc. To view photos from the Singapore Business Opportunities session, please visit https://www.facebook.com/smallbizdc. To learn more about DSLBD, please visit http://dslbd.dc.gov, follow us on Twitter at https://twitter.com/SmallBizDC, or check out our photostream at http://flickr.com/photos/bizDC.
About the District of Columbia Department of Small and Local Business Development
The District of Columbia Department of Small and Local Business Development (DSLBD) fosters the economic growth, development, and retention of District of Columbia based businesses, and promotes economic development throughout the District’s commercial corridors. For more information on all of DSLBD’s services, go to http://dslbd.dc.gov or contact us at [email protected].
- Brendon Miller (DSLBD), (202) 741-0860