Committee of Supply (COS) 2024

In 2023, Singapore’s economy grew by 1.1%. Our economy is diversified across many sectors and industries, and well-connected to the rest of the world through our network of trade agreements. As a result of our economic growth over the years, Singaporeans enjoy a high standard of living, with access to good jobs and opportunities.

The Ministry of Trade and Industry’s 2024 COS debate emphasized our commitment to sustain economic growth and vibrancy. To do so, MTI will support our businesses and workers, not only to address near-term challenges, but to uplift their capabilities and help them to seize new growth opportunities.

To do this, we will direct our efforts in four key priority areas, while we remain guided by the directions of the Singapore Economy 2030 vision: