Economic Relationship Between European Union and Singapore, Singapore

Assignment Details:

“The European Union hopes that its free trade deal with Singapore will go into force this year, which will pave the way for a wider agreement with Asean (The Straits Times, 2018)”. In this assignment, you have given a task to discuss how the European Union’s economic environment plays a crucial role in the economic relationship between European Union and Singapore. This assignment aims to provide association between what you have been learned from economic models and concepts in the classroom with the real-life events happening around you. Students are expected to think about issues in the way real economists do and learn how to explore economic problems and make informed decisions and solutions. pointers to include . Introduction 2. Benefits Singapore gained from EU economic growth 2.1 Collaboration finance market 2.2 Growth of manufacturing industry in Singapore 2.3 Singapore’s merchandise export and import with EU 3. Challenges Singapore faced in this economic relationship 3.1 Dependance of Asia’s economic growth 3.2 Problem with local partners 3.3 Competition in natural resources in global market 4. Economic Strategies/Policies to strengthen the relationship 4.1 Strengthening financial market 4.2 Helping local companies in (SMEs) access to EU market 4.3 Government investment in EU 5. Conclusion : The confidence of these two countries economic relationship