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.
Comment:
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.