Singapore in world's top 20 for trade growth potential: StanChart study

Singapore continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank released on Monday.SINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank released on Monday.

The economic dynamism pillar was measured by inward foreign direct investments , export volume growth and gross domestic product growth. Trade readiness refers to the market’s foundations to support future trade growth, measured by factors such as the quality of trade and transport infrastructure and ease of doing business, while export diversity was measured by factors such as export count.Topping the list was Côte d’Ivoire, followed by India, Kenya and China.

For one thing, new technology such as the Networked Trade Platform will further improve the market’s ease of doing business, Mr Maggo added. Vietnam, Indonesia and Thailand performed particularly well in terms of trade readiness. The former two scored high marks for that pillar due to improvements to their infrastructure and the ease of doing business, while Thailand’s ranking was boosted by its substantial growth in e-commerce.

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