With Singapore's strong connections in this region, Russia can make use of Singapore as its springboard to reach out to this dynamic market, a senior Singapore official said on Tuesday.
Singapore Senior Minister Goh Chok Tong said that the financial tsunami that shook the world will accelerate the shift of the global economic center of gravity to the east, for while most of the developed west struggled to keep their economies from shrinking in the past year, China and India were among the few economies in the world that continued to expand.
Goh spoke at the 4th Russia-Singapore Business Forum that Singapore-Russia linkages now span a wide spectrum, including trade, business, research and development and tourism. He indicated that there are more areas in which both countries can partner each other to tap into opportunities in emerging Asia.
The areas of cooperation include innovation and research and development, international trading and for both countries to jointly explore opportunities in third countries.
"Russia is strong in innovation and technology, while Singapore has good networks and experience in Asia. Russian technology companies can partner Singapore companies to penetrate markets in Southeast Asia, China and India," he said, adding that these partnerships will enable both parties to take on business opportunities and better manage commercial risks in international markets.
Source:Xinhua
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