Welcome

The Economist Intelligence Unit has one of the largest and most experienced country and industry analysis teams in the world. Our 100 full-time country experts and economists, based in offices around the world, have a thorough grounding in economics, politics, risk and industry. Most have lived and worked in the region they cover; many are fluent in local languages; and three out of four have advanced degrees. To ensure that this expertise remains fresh and up to date, each country analyst focuses on two or three countries, and visits them regularly.

Our experts are supported by a huge network of contributors based in virtually every country of the world. Currently numbering 650, our contributors report on recent economic and political events, comment on the business environment and legislative changes, and give their views on political, economic and social trends.

Latest Press Releases

  • France leads new food index, followed by Japan, with good performance for nutrition, food waste and agricultural sustainability. India and Ethiopia face severe nutritional challenges,…
    in Latest Press Releases
  • Informal networks vital source of support to 78% of start-ups. Over half of entrepreneurs belong to business-networking groups on global platforms such as Facebook and…
    in Latest Press Releases
  • According to a new survey, uncertainty about economic growth is by far the top concern of treasurers worldwide Low or even negative interest rates are…
    in Latest Press Releases

Twitter Feed


Only one-third of American voters approved of the Democratic Party’s performance in Congress according to polling i… https://t.co/dxJQsKGxWE

The EIU expects that in 2018, there will be an average of 113 mobile subscriptions per 100 people in the world's 60… https://t.co/V1PoWInM3I

RT @TheEIU_MENA: Widespread protest & unrest in relation to #Trump #Jerusalem announcement, but limited violence, & no substantive action t…

Chinese overseas direct investment will return to growth in 2018. Learn more: https://t.co/9FdMWcAY2o https://t.co/Dxbazp7i1H
FOLLOW The EIU ON_TWITTER
Wednesday, 12 October 2016

Australia best equipped in Asia-Pacific to prevent illicit trade according to new EIU index

  • Hong Kong ranks third, with experts applauding improvements
  • Low ranking of some Southeast Asian countries could portend rise in illicit trade as manufacturing shifts from China
  • China scores 9th based amid progress in IP protection and transparency
  • Singapore is tied with Taiwan in 7th based on low scores for transparency and FTZ governance

Australia has the best environment for preventing illicit trade, according to The Illicit Trade Environment Index released today by The Economist Intelligence Unit. The Index, sponsored by the European Chamber of Commerce, Singapore, looks at 17 Asian economies. Australia scores in the top five in each of the index’s four categories: intellectual property, transparency and trade, customs environment and supply and demand.

Hong Kong, once a hub for trade in counterfeit goods, ranks third in the index, with experts in illicit trade and intellectual property pointing to great improvements in policies and institutions designed to combat illicit trade. It scores highest in the supply and demand category, which measures the degree to which governments have used policy levers such as taxation levels to curb demand, and hence supply, of illicit goods.

The report notes that the flow of illicit trade tends to follow that of licit trade and in this regard Southeast Asia could see an increase in the former as rising labour and other costs in China encourage manufacturers to seek investment sites elsewhere. Many Southeast Asian countries are ill-equipped to combat illicit trade, and as a result rank at the bottom of the Index.

China, where companies are notorious for producing huge volumes of counterfeit goods, finishes ninth in the index based on improvements in IP protection and transparency.

While it has the strongest customs environment, a failure to monitor its busy free trade zones dragged Singapore’s score down to 7th, where it is tied with Taiwan.

Chris Clague, the author of the report, said: “Illicit trade poses a threat to public health, the environment and innovation, and provides funds for transnational crime networks and terrorist organisations. History has shown that illicit trade tends to follow its licit counterpart, so as the region continues to integrate, the threat will only grow unless governments make greater efforts to combat it. The Illicit Trade Environment Index and accompanying report are intended to stimulate and improve discussion of the issue.”

View index results and download report

 

Press enquiries:

Tokyo: Chris Clague, senior editor

+ 81 3 5223 2662

This email address is being protected from spambots. You need JavaScript enabled to view it." target="_blank">This email address is being protected from spambots. You need JavaScript enabled to view it.m

 

Notes to editors

The Illicit Trade Environment Index comprises four categories: intellectual property, customs environment, transparency and trade, and supply and demand. Each category includes between two and five indicators which were selected based on the results of an extensive literature review and input from a panel of external experts.

The countries were selected based on geography, with Brunei excluded for lack of available data. 

The countries included are (in order of rank): Australia, New Zealand, Hong Kong, Japan, South Korea, Malaysia, Taiwan, Singapore, China, India, Thailand, Philippines, Vietnam, Indonesia, Cambodia, Laos and Myanmar.

A full explanation of the index methodology can be found in the appendix of the report.

The report and Excel-based model are available for download at illicittradeindex.eiu.com, which also features an interactive infographic that allows visitors to explore the results.  

 

About The Economist Intelligence Unit

The Economist Intelligence Unit is the world leader in global business intelligence. It is the business-to-business arm of The Economist Group, which publishes The Economist newspaper. The Economist Intelligence Unit helps executives make better decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies. More information can be found at www.eiu.com or www.twitter.com/theeiu.

 

About the European Chamber of Commerce, Singapore

The European Chamber of Commerce in Singapore, known as EuroCham, has the mission to represent the common interests of the European business community in promoting bilateral trade, services and investments between Europe and Singapore and Asia-Pacific.

EuroCham is a non-profit membership fee based organization with a membership composed of the European National Business Groups in Singapore as well direct corporate members.

EuroCham provides its members with an information and exchange forum and a lobbying channel to Singaporean and European political & economic circles. EuroCham is the sole European representative at the Singapore Business Federation (SBF) Council.

An Economist Group business © 2011 The Economist Intelligence Unit Limited. All rights reserved.

About us | Privacy | Terms of access | Contact us | Help

Connect with us