Can we still recover with an export strategy?
What is our current export strategy?
Weaknesses of an export strategy in a pandemic situation
Why a modified export strategy is needed instead
Features of a modified export strategy
Additionally, Singapore should elevate its export levels by extending digitalisation efforts to companies lacking digital mobility to expand overseas. Emerging companies that have market potential should receive further government support to prop up their market readiness as they expand to overseas markets.
Lastly, we recommend Singapore to continue expanding its trade development and forge trade agreements with partner countries around the world. These measures should focus on lowering tariff barriers even further to spur economic activities at the expense of tax income. These developments should also help regain confidence in the global supply chain by coordinating air, sea and land freight transports among partner countries.