German companies contributed to Singapore's development: President Halimah

BERLIN - Economic ties between Singapore and Germany go as far back as the 1840s when Hamburg native Valentin Lorenz-Meyer decided to set up the first German trading company in Singapore, and they have continued to flourish since, said President Halimah Yacob on Tuesday .

Germany is Singapore's largest European Union trading partner, making up a fifth of Singapore's total trade with the EU. "Rather, they go because they want to research or study at one of your renowned universities... They go because they want to do business, because they want to use Singapore as a hub to access the entire region. As different as our countries are in many respects, Singapore is an inspiration to many Germans as a laboratory of the modern age."

The TUM is one of the top universities in Germany and Europe. It set up a campus in Singapore in 2002, which was the first overseas campus of a German university.

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