Germany's new supply chain law targeting human rights violations an opportunity for collaboration

Staff at the Volkswagen assembly line in Wolfsburg, Germany, in April 2020. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

Germany and Singapore enjoy strong economic and trade relations. In 2020, Singapore's exports to Germany were around $7.1 billion and German exports to Singapore amounted to approximately $8.9 billion.

Both are export-driven economies that have strong global competitiveness. Under the 2018 Global Competitive Report by the World Economic Forum, Singapore was ranked as the second most competitive economy and Germany the third.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.