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An open international trade and investment environment is fundamental to foster economic growth, job creation and prosperity. These conditions are particularly present in Hong Kong, Singapore and Luxembourg, leading the Open Markets Index (OMI) by the International Chamber of Commerce.
The scores of the 75 economies reviewed are split across five groups. Category 1 has only two countries – Singapore and Hong Kong – which receive an aggregate score of “excellent” (score of 5-6) in terms of their overall market openness. Luxemburg takes the bronze medal with a score of 4.9 and leads Category 2. This group of 27 economies with above-average openness includes 22 European countries, but also Canada, Australia, New Zealand, the United Arab Emirates and Chinese Taipei....
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