The not-for-profit Singapore Cooperation Enterprise (SCE) will be the main vehicle for the city-state's public sector to share its experiences and expertise, a joint statement by the foreign and trade ministries said.
"We expect demand for such expertise to rise over the next 5-10 years," said SCE vice chairman Peter Ong, also the permanent secretary for trade and industry.
"We estimate the global market size for public sector services to be worth billions and capturing even a small slice of this is an attractive prospect."
Singapore has gained worldwide admiration for its rise from a British trading port to become one of Asia's most economically advanced nations in just three decades.
Changi Airport has been voted several times to be among the world's best airports and the republic's education system is known for is strengths in science and mathamatics, among others.
Singapore has also beaten corruption and the government bureaucracy has gained a reputation for efficiency.
The city-state said it hopes that sharing its experience and expertise to foreign governments, organisations or entities will open up business opportunities for Singapore-based private sector companies.
Ong noted that Singapore had been a recipient of foreign help in the past, requiring British, French, and Japanese expertise to build its first mass rapid transport system.
Singapore however has been criticised for its tight curbs on press freedom, political expression and human rights.
Quelle/Source: Lanka Business Online, 12.07.2006
