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SBF Business Mission To Baltics
(Lithuania, Latvia & Estonia)
(Mission Cancelled)
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26 May - 3 Jun 2008 |
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The Singapore Business Federation (SBF) is organising a business mission to Lithuania, Latvia and Estonia, following the indication of strong interests in these markets.This mission, organised in conjunction with the official visit of Senior Minister Goh Chok Tong to the Baltics region will be visiting Vilnius, Riga & Tallinn. These emerging markets boost stellar economic growth in recent years and presents vast opportunities for Singapore business community.
The objective of this mission is to explore business opportunities in these countries. Highlights of this trip include business-matching sessions, visits to chambers and business associations and briefings by the relevant ministries and key government agencies. In addition, there will also be networking sessions with key businessmen of these countries. This mission aims to provide first hand understanding of the overall market dynamics & emerging sectors and establishing useful business and official contacts.
Business Opportunities are identified in these sectors:
- Construction & Real Estate
- Environment & Water
- Logistics & Transportation
- Tourism & Hospitality
- Agribusiness
- Retail, Consumer Goods & Services
- ICT
- Banking & Finance
- Medical & Healthcare
... and MORE!
Schedule:
| 25 - 28 May |
Lithuania (Vilnius) |
| 28 - 31 May |
Latvia (Riga) |
| 31 May - 3 Jun |
Estonia (Tallinn) |
The Baltic Tiger is a term used to refer to any of the three Baltic states of Estonia, Latvia, and Lithuania during their periods of economic boom. Between 2000 and 2006, the Baltic Tiger states had the highest growth rates in Europe. This was attributed to the implementation of important economic reforms and liberalisation, and coupled with their fairly low-wage and skilled labour force, attracted large amounts of foreign investment and economic growth. The Baltic economies are predicted to continue growing at a high annual rate of 5-10% until at least 2010, translating to the growing demands for foreign goods and services bringing about vast opportunities for the Singapore business community.
LITHUANIA: The economy grew by 8.7% in 2007 and boasts of being one of the world's largest markets, with 456 million consumers. It also has one of the lowest tax rate at 15% in general and 13% for small corporations.
LATVIA: Since 2000, Latvia has had one of the highest GDP growth rates in Europe; and closing at 10.2% in 2007. It boasts of a low flat corporate income tax of 15% and there are no controls on import, export, or the use and conversion of foreign currencies, which facilitates investment and repatriation of profits.
ESTONIA: Estonia's GDP grew by 7.1% in 2007 and has the highest GDP per capita amongst the Baltic states. Additionally, Estonia is amongst the ten most liberal economies in the world. Its liberal foreign trade regime, which contains few tariff or non-tariff barriers, is virtually unique in Europe.
As part of the delegation accompanying SM Goh on his official visit, we seek your kind cooperation & understanding to adhere to the programme that is planned and stay throughout the entire mission in order not to miss out any opportunities to attend business forums and establish relevant contacts. Due to limited availability of seats, registered participants are subject to confirmation by SBF.
^Estimated Costs: (SBF members will receive preferential rates on common costs)
| 1. |
++ Air Tickets |
SGD 6,830 incl. taxes (Economy Class) |
| 2. |
++ Hotel Accommodation
(Price per night, incl. Breakfast) |
SGD 390 per room per night (Vilnius, Lithuania)
SGD 390 per room per night (Riga, Latvia)
SGD 380 per room per night (Tallinn, Estonia) |
| 3. |
*Common Cost (incl. local transfers, meals, networking, brochures, gifts and other miscellaneous expenses) |
SGD 2,800# (SBF Members)
SGD 3,300# (Non-members) |
^Estimated costs are subject to change. ++ Eligible companies can apply to International Enterprise Singapore for double tax deduction for accommodation and air travel costs for up to 2 representatives per participating company. You can apply to this scheme at http://dtd.iesingapore.com but companies must make their application at least 7 days before departure. *Common cost subsidized under IMAP is already factored into the estimated common cost. #Including the payment of 7% Goods & Services Tax (GST) on the Participation Fee, SBF members and non-SBF members are to pay SGD 2,996 and SGD 3,531, respectively, to the "Singapore Business Federation"
We require businesses that are keen to be on the delegation to REGISTER WITH US BY 23 APRIL 2008. Please also indicate any specific interest in any of the 3 countries as it may be possible for us to arrange for specific sectoral meetings if there are sufficient interests. For more information and to register, please contact Shiyun or Claire at 6827 6858 / 898.
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Administrative Details
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Ref No: EUOC 080/250508/04W
REGISTRATION FORM - Attn: Shiyun / Claire
Fax: 6720 2873
Closing Date: 23 Apr 08
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