Singapore scores poorly in ability to prevent illicit trade
SINGAPORE (AP) — The wealthy city-state of Singapore — with its flourishing trade, orderly life and almost non-existent crime — is hardly a place one would associate with illegal trade. But a new report by a reputed organization reveals that in fact the country has a poor record of preventing just that.
The Economist Intelligence Unit released a 100-point index Wednesday that placed Singapore at seven out of 17 Asian countries for its ability to prevent illicit trade that includes counterfeit goods, arms and endangered wildlife. Singapore’s low ranking was largely the result of its lacunae in its free trade zones.