Published:
Singapore ranked 7th in illicit trade index
It trails behind four Asian peers.
A new index on preventing illicit trade has placed Singapore and Taiwan on the seventh spot, behind Asian economies such as Hong Kong, Japan, South Korea, and Malaysia.
The list, topped by Australia and New Zealand, was released by the Economist Intelligence Unit, an arm of the Economist Group.
The index was based on four policy categories - intellectual property, transparency in trade, customs environment and supply and demand.
Singapore garnered a high score in customs environment at 89.9 while it scored low in transparency in trade at 25.8.
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