The Hinrich-IMD STI, launched on Oct 24, measures 30 economies’ readiness and capacity to participate in the global trading system in a way that supports the long-term goals of economic growth, environmental protection, and societal development.
Singapore has been ranked third out of 30 economies for the sustainability of its global trade practices, up two places from fifth in the same study conducted last year by Asia-based philanthropy Hinrich Foundation and Swiss academic institution IMD.
The study, known as the Hinrich-IMD Sustainable Trade Index (STI), found that Singapore ranked first place in its economic pillar, fifth for the environmental pillar and eighth for societal, bringing its overall score to 94.1.
