Introduction
The Honorable Mayor Brown,
Secretary Hatamiya, your Excellencies, ladies and gentlemen, allow me first to thank all
of you for honouring us with your presence at this official opening of the Singapore
Consulate General and the Singapore Trade Development Board Office in San Francisco.
US - Singapore bilateral relations
The US and Singapore enjoy a
close and warm relationship. The US is an important strategic and trading partner for
Singapore.
The US has consistently been
Singapore's largest trading partner. Last year, US - Singapore trade amounted to over
US$40 billion, accounting for nearly one-fifth of Singapore's global trade. Singapore is
also a major trading partner of the US. In 1998, Singapore was the US' 10th largest
trading partner. Not many Americans are aware that US trade with Singapore is greater than
US trade with Spain or Italy.
California
- Singapore relations
Among the states in the Union, the
State of California is the most important to us. Indeed, California and Singapore enjoy a
special relationship. In March 1998, the California Trade and Commerce Agency signed a
Memorandum of Understanding with the Singapore Trade Development Board, Economic
Development Board, and the National Science and Technology Board. This relationship was
reinforced in May last year when Governor Gray Davis and Prime Minister Goh signed a
memorandum of understanding reiterating our commitment to economic and IT co-operation.
In March this year, Deputy Prime
Minister Tony Tan led a high level government and business delegation to the Bay Area to
launch Singapore Techventure 2000, which was aimed at forging partnerships and attracting
investments for the New Economy. Senior Minister Lee Kuan Yew and Governor Gray Davis
delivered keynote speeches at the event which was a huge success.
Many Singaporean companies have
set up offices in California to take advantage of the thriving economy here. Similarly
California is an active player in the Singapore's economy. The State of California and the
ports of Long Beach and Los Angeles have set up representative offices in Singapore.
Role of Consulate-General and the Trade Office
Since 1996, Singapore has been
represented in San Francisco by our Honorary Consul Chek Tan. He has played an important
role in promoting closer relations between California and Singapore. On behalf of the
government and people of Singapore, I would like to take this opportunity to convey our
warmest appreciation to him for his dedication and hard work.
To strengthen further our links to
California and the Bay Area, we have upgraded our Honorary Consulate to a Consulate
General. This will enable us to serve better the interests of Singaporeans living and
working in the West Coast of the United States. The Consulate General will also work with
our Embassy in Washington DC to strengthen Singapore's links to the US and its various
states, especially California.
To promote further Singapore's
bilateral trade relations with California and the West Coast, a Trade Office has been
established in the Consulate General. This reflects the growing economic ties between us.
Together with our existing Trade Offices in Washington DC and New York, the new office
will strengthen the Singapore Trade Development Board's presence in North America. The new
office will concentrate on the states in the West and Southwest, including the top three
exporting states to Singapore, namely California, Texas and Washington. The trade office
will also cover Western Canada.
As with other trade offices, the
San Francisco office will assist, on the one hand, Singapore companies operating here and,
on the other hand, American and Canadian companies interested in Singapore and Asia.
Mayor Brown, Secretary Hatamiya,
the Bay area is an important gateway for Singapore companies looking for opportunities in
the North American continent. We hope that Singapore will also be an important gateway for
American companies expanding into an Asia that is growing rapidly and that will be full of
opportunities for many years to come. Our new Consulate General and trade office here in
San Francisco will help to bring this about.