Singapore

Abstract

Wikipedia Country Information

Singapore ( (listen)), officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. It lies about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Straits of Malacca to the west, the Riau Islands to the south, and the South China Sea to the east. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country's independence as a result of extensive land reclamation projects. The country is home to 5.7 million residents, 61% (3.4 million) of whom are Singaporean citizens. There are four official languages of Singapore: English, Malay, Chinese, and Tamil; with English being the lingua franca. This reflects in its rich cultural diversity and extensive ethnic cuisine and major festivals. Multiracialism is enshrined in the constitution, and continues to shape national policies in education, housing, and politics.
Although its history stretches back millennia, modern Singapore was founded in 1819 by Sir Stamford Raffles as a trading post of the British Empire. In 1867, the colonies in East Asia were reorganised and Singapore came under the direct control of Britain as part of the Straits Settlements. During the Second World War, Singapore was occupied by Japan in 1942 but returned to British control as a separate crown colony following Japan's surrender in 1945. Singapore gained self-governance in 1959, and in 1963 became part of the new federation of Malaysia, alongside Malaya, North Borneo, and Sarawak. Ideological differences led to Singapore being expelled from the federation two years later, thereby becoming an independent country.
After early years of turbulence and despite lacking natural resources and a hinterland, the nation rapidly developed to become one of the Four Asian Tigers based on external trade, becoming a highly developed country; it is ranked ninth on the UN Human Development Index, and has the seventh-highest GDP per capita in the world. Singapore is the only country in Asia with an AAA sovereign rating from all major rating agencies. It is a major financial and shipping hub, consistently ranked the most expensive city to live in since 2013, and has been identified as a tax haven. Singapore also has the tenth-highest number of billionaires of any city in the world, and is placed highly in key social indicators: education, healthcare, quality of life, personal safety and housing, with a home-ownership rate of 91%. Singaporeans enjoy one of the world's longest life expectancies, fastest Internet connection speeds and one of the lowest infant mortality rates in the world.
Singapore is a unitary parliamentary republic with a Westminster system of unicameral parliamentary government. Singapore is widely regarded to have an incorrupt and meritocratic government, with a fair judiciary and strong rule of law. While the country practices parliamentary democracy, the government has significant control over politics and society, and the People's Action Party has ruled continuously since 1959. One of the five founding members of ASEAN, Singapore is also the headquarters of the Asia-Pacific Economic Cooperation (APEC) Secretariat and Pacific Economic Cooperation Council (PECC) Secretariat, as well as many international conferences and events. Singapore is also a member of the United Nations, World Trade Organization, East Asia Summit, Non-Aligned Movement and the Commonwealth of Nations.


Summary
Instruments ratified: 121 / 282
World Average Ratifications: 114 / 282
Ratification rate: 42.60%
World Average Rate: 41.25%
Weighted score: 48.49%
World Average Weighted Score: 41.25%
World rank: 79 / 194
Developing country rank: 26 / 87
Developing country Avg. Ratifications: 109 / 282
Small island developing States rank: 2 / 37
Small island developing States Avg. Ratifications: 86 / 282
South-East Asia rank: 3 / 11
South-East Asia Avg. Ratifications: 89 / 282
Comparative Statistical Analysis
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce2/3 (66.67%)66.67%18.00%2Strong
Franchising0/10.00%0.00%1Average
Leasing/Factoring0/20.00%5.00%13Weak
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods1/5 (20.00%)45.45%25.00%29Strong
Travel contracts0/10.00%3.00%7Weak
Total321.74%9.00%12Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation0/60.00%26.00%117Weak
Exemption from Duties3/9 (33.33%)33.33%30.00%76Strong
Temporary Admission4/11 (36.36%)41.18%28.00%55Strong
Transit0/40.00%28.00%98Weak
Total930.43%31.00%84Weak
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration2/6 (33.33%)50.00%32.00%29Strong
Judicial cooperation1/5 (20.00%)26.32%36.00%76Weak
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total330.00%29.00%69Weak
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air5/5 (100.00%)100.00%86.00%1Strong
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy0/20.00%25.00%50Weak
Flora and fauna4/10 (40.00%)43.48%68.00%177Weak
Foodstuff1/2 (50.00%)37.50%79.00%136Weak
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea13/26 (50.00%)61.96%46.00%61Strong
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total2662.50%61.00%98Weak
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees2/3 (66.67%)54.55%20.00%5Strong
Total214.63%12.00%52Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption2/4 (50.00%)66.67%50.00%34Strong
Cultural Property1/4 (25.00%)31.25%54.00%142Weak
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime1/2 (50.00%)62.50%80.00%112Weak
Total763.46%68.00%123Weak
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights6/7 (85.71%)85.71%96.00%143Weak
Labour Standards6/8 (75.00%)75.00%86.00%160Weak
Total1280.00%91.00%161Weak
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution1/1 (100.00%)100.00%39.00%1Strong
International Trade Law 8/10 (80.00%)80.00%73.00%56Average
Trade support institutions5/6 (83.33%)83.33%51.00%29Strong
Total1482.35%63.00%46Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting0/10.00%47.00%93Weak
Copyright2/3 (66.67%)90.91%65.00%48Strong
Industrial designs1/2 (50.00%)62.50%31.00%37Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights1/3 (33.33%)38.46%46.00%85Weak
Origin0/30.00%14.00%51Weak
Patents3/5 (60.00%)71.43%57.00%60Strong
Trademarks3/6 (50.00%)59.09%33.00%46Strong
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
Total1155.79%42.00%64Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber0/10.00%31.00%61Weak
General1/1 (100.00%)100.00%92.00%1Weak
Total138.46%53.00%85Weak
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport5/7 (71.43%)90.48%59.00%4Strong
Aircrafts and civil aviation 5/9 (55.56%)76.00%74.00%80Weak
Maritime shipping and load lines 11/13 (84.62%)94.29%66.00%11Strong
Maritime transport4/12 (33.33%)33.33%27.00%55Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport0/30.00%22.00%50Weak
Road transport0/40.00%31.00%86Weak
Space2/4 (50.00%)66.67%40.00%55Strong
Telecommunications2/2 (100.00%)100.00%47.00%1Strong
Total2960.14%50.00%55Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General0/40.00%30.00%113Weak
Total00.00%30.00%113Weak
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements1/2 (50.00%)50.00%18.00%26Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total272.73%47.00%26Strong
 
Strengths and Weakness
Strong
ContractsE-commerce
ContractsSale of Goods
CustomsCustoms Codification
CustomsExemption from Duties
CustomsTemporary Admission
Dispute resolutionArbitration
Environment and productsAir
Environment and productsChemicals
Environment and productsMaritime and Law of the Sea
Finance, payments and insolvencyInternational guarantees
Good Governance Corruption
Institutional ParticipationDispute Resolution
Institutional ParticipationTrade support institutions
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
Transport and telecommunicationsAir transport
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
WTOPlurilateral Agreements
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
Institutional ParticipationInternational Trade Law
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsLeasing/Factoring
ContractsProcurement
ContractsTravel contracts
CustomsCustoms Cooperation
CustomsTransit
Dispute resolutionJudicial cooperation
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Good Governance Organized crime
Human Rights and Labour StandardsHuman rights
Human Rights and Labour StandardsLabour Standards
Intellectual propertyBroadcasting
Intellectual propertyIntegrated circuits
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Treaties lawGeneral
Instruments ratifications

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