The answer is "yes," according to a Feb. 8 report by Jeana Wong of Channel NewsAsia, who spoke with Vijay Iyengar, Managing Director of Agrocorp, a Singapore-based trading company. "Singapore companies can differentiate themselves with their management know-how that they bring to the table -- backward integration... going into the various sources of supply... Instead of just supplying traders in a particular market, you go down to the wholesale or you go down to the retail level yourself," he said.
Bilateral trade between Singapore and India increased to almost $12 billion in 2004 and is expected to reach $17 billion in 2005 according to the article.
Last August a trade pact between the two countries allowed for 500 products to enter India tax-free. By 2009 tariffs on three-quarters of Singapore's exports to India are scheduled to be reduced or eliminated.
To view the article visit: http://www.channelnewsasia.com/stories/singaporebusinessnews/view/192197/1/.htmlInterested in information related to this topic? Subscribe to our weekly Value-chain eNewsletter.