Italy opens new trade office in S’pore to boost business ties with South-east Asia

Italy on May 9 opened the Singapore office of its export credit agency Sace in a move to help its companies capture growing trade and investment opportunities across South-east Asia.

Sace’s new office in downtown Capital Square will manage more than $8 billion worth of new South-east Asian projects in the pipeline and act as a bridge between sellers of Italian goods and technologies to firms in the region that need them.

Sace also provides insurance and other financial solutions to Italian exporters, with a focus on small and medium-sized enterprises (SMEs). It is controlled by Italy’s Ministry of Economy and Finance.