Singapore, Standard Chartered, Trade, South-East Asia, Sıngapore

Singapore, Standard Chartered

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

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

23.9.2019

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

SINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart) released on Monday. Read more at The Business Times.

The city-state made the list of 20 global markets that are most rapidly improving their individual potential for trade to grow, coming in at 16th place, according to the bank’s new Trade20 Index.

The city-state is implementing long-term policies that will put it in a strong position to cope with the uncertainties of escalating trade tensions, said Himanshu Maggo, head of trade product management, transaction banking, Singapore at StanChart.

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.

“While they all face the challenges of heightened global uncertainty, they are well placed to benefit if multinationals consider moving their supply chains due to trade tensions elsewhere,” it added. “Regional trade deals, infrastructure improvements, and legislative reforms are also promoting increased openness.”

Separately, a Bain & Co report last week warned that

Read more: The Business Times

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