US envoy to lead S'pore delegation to Washington

US envoy to lead S'pore delegation to Washington
Mr Wagar presenting his credentials to President Tony Tan Keng Yam at the Istana.

SINGAPORE - One of the first things on new US ambassador to Singapore Kirk Wagar's to-do list is to lead a local business delegation back to his country to showcase the US as an attractive place to do business in.

They will attend the inaugural SelectUSA Investment Summit, a national- level investment event that takes place in Washington, DC, on Oct 31 and Nov 1, the US Embassy in Singapore said on Thursday.

The announcement of this trip comes a day after Mr Wagar, 44, formally presented his credentials to Singapore President Tony Tan Keng Yam at the Istana.

Singapore is the first diplomatic posting for the Canada-born American envoy, who was the managing partner of a Miami-based law firm that he founded in 1998.

The Republic is the sixth-fastest growing source of foreign direct investment (FDI) in the US.

Overall, Singapore is the 18th-largest source of FDI, with the total stock amounting to US$22.1 billion at the end of 2011.

The states of California, New York and Texas are the leading investment destinations of Singaporeans.

Singapore's top investment sectors in the US include communications, semiconductors, software and IT services.

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