Singapore and Germany - partners in 'Industrie 4.0'

SINGAPORE and Germany are among the most advanced industrialised countries in the world. Both have a substantial share of the productive sector in their GDP (gross domestic product), and are committed to maintaining industry as a key element of their economies. They are the largest partners in trade of goods of each other in their respective regional groups namely, Asean and the EU (European Union).

But it is harder to stay at the top than to get to the top. Numerous competitors, traditional industrialised nations and emerging economies want to take over large shares of our traditional field…