For subscribers
Germany's new supply chain law targeting human rights violations an opportunity for collaboration
The strong compliance measures implemented to protect workers in Singapore indicate that the Republic also takes the issues of human rights and environmental protection seriously
Sign up now: Get ST's newsletters delivered to your inbox
Stefan Samse and Roshni Kapur
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.
