April 17, 2024

Singapore, a Southeast Asian island nation, has carved a unique niche in the global economy. Often referred to as a “global trade hub”, it boasts one of the world’s highest trade-to-GDP ratios, exceeding 300% (Source: ASEAN Briefing, 2023). This remarkable achievement can be attributed, in large part, to its well-defined and strategically implemented trade policies. […]

Singapore has established itself as a global trading hub, playing a critical role in facilitating the movement of goods and services across the world. Its strategic location in Southeast Asia, coupled with its efficient infrastructure, pro-business environment, and highly skilled workforce, makes it a natural choice for companies seeking access to diverse markets. This reliance

In the 1960s, the city-state of Singapore was an underdeveloped country with a GDP per capita of less than US$320. Currently, this country is one of the countries with the fastest economic growth in the world (Source: ThoughCo. 2019). According to the World Trade Organization (WTO), the country consistently ranks among the top trading nations