Singapore's economy has been dubbed the world's most open. The one that is most pro-business. Singapore has a low rate of taxation. Singapore is the wealth management capital of the region.
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Food for thought: According to the OEC China (660M), France (43.5M), Singapore (18.7M), Brazil (11.6M), and Israel (7.35M) had the highest trade value in exports versus imports of fireworks in 2020.