World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Global Enabling Trade Report 2014 - NZ Ranks 4th

Failure to Tackle Trade Barriers Puts Economic and Social Progress at Risk

• World Economic Forum’s Global Enabling Trade Report 2014 shows emerging markets still have far to go to implement practical trade reforms, in line with the WTO Bali agreement.

• Inefficiencies, red tape and poor infrastructure are among key issues preventing economies from fully reaping the benefits of trade.

• United Kingdom leads the G20 economies in the Enabling Trade Index, followed by Germany and Japan.

• Download The Global Enabling Report 2014 and additional material here.

Geneva, Switzerland, 1 April 2014 – Barriers to trade are holding back the global economic recovery. Many governments are still failing to enact sometimes straightforward reforms that could have a far-reaching effect on growth and social progress, according to The Global Enabling Trade Report 2014, released today.

The report’s Enabling Trade Index indicates that the world’s large emerging economies face enormous challenges as they seek to enable trade and progress to the next stage of their development. Among the BRICs, China, the world’s largest exporter, ranks 54th out of 138 economies, a few notches ahead of South Africa (59th).

Brazil (86th), India (96th) and the Russian Federation (105th) appear in the bottom half of the ranking. Turkey (56th) leads the MINT group, ahead of Indonesia (58th) and Mexico (61st). Nigeria (124th) is near the bottom.

Common barriers to trade in the developing and emerging world include red tape at borders, corruption, inadequate infrastructure, and low levels of security. Among advanced economies, most apply low import tariffs, but some, such as Switzerland, Norway and EU members, have complex tariff regimes that are hard to navigate and act as barriers to trade, too.

The good news is that some of these barriers, such as inefficiencies related to border clearance, can be removed relatively quickly, at a low cost and using limited political capital. The Report points to a number of success stories, including Chile (8th), Malaysia (25th), and Mauritius (29th) that have been able to considerably improve their standing through targeted reforms and investments.

The Global Enabling Trade Report 2014 assesses the performance of 138 economies, in four areas: market access; border administration; infrastructure; and the operating environment. At the top end of the rankings, the Index shows Singapore, Hong Kong SAR, and the Netherlands as the most successful countries in terms of enabling trade.

After several difficult years trying to advance the Doha Round, the Bali package, with the Trade Facilitation Agreement at its centre, provides a much-needed window to focus on eliminating the practical obstacles to trade. In this light, we believe the report’s unique measurements will help leaders to identify successful policies and areas for improvement,” said Espen Barth Eide, Managing Director, World Economic Forum.

The assessment is based on the Enabling Trade Index, a methodology that measures the extent to which economies have in place institutions, policies, infrastructures and services facilitating the free flow of goods over borders and to their destination. These trade-enabling factors are organized in seven pillars: 1) domestic market access; 2) foreign market access; 3) efficiency and transparency of border administration; 4) availability and quality of transport infrastructure; 5) availability and quality of transport services; 6) availability and use of ICTs; and 7) operating environment. For this fifth edition of the report, the framework has been improved and enriched with a number of new indicators.

To measure these various aspects, a total of 56 individual indicators were sourced from various organizations, including the International Trade Centre, the World Trade Organization, the United Nations Conference on Trade and Development, the World Bank, the Global Express Association, as well as World Economic Forum’s Executive Opinion Survey.

A special chapter in the report analyses the performance of Latin America in removing barriers to trade. These findings will be discussed at a special session at the World Economic Forum on Latin America, which takes place in Panama, 1-3 April.

The Global Enabling Trade Report 2014 is part of the World Economic Forum’s Enabling Trade programme, supported by the Forum’s Supply Chain & Transport Industry Partnership community, which includes A.P. Möller Maersk, AB Volvo, Agility, Brambles Limited, Brightstar Corp., Deutsche Post DHL, DNB ASA, Emirates Group, International Container Terminal Services Inc., Royal Vopak, Stena AB, Swiss International Airlines Ltd, Transnet SOC Ltd, UPS and Volkswagen AG.

Notes to Editors

Read The Global Enabling Trade Report 2014 at http://wef.ch/getr14
Download the full Enabling Trade Index rankings ( in PDF or Excel format)
View the heat map at: http://wef.ch/getr14map
Become a fan of the Forum on Facebook at http://wef.ch/facebook
Follow the Forum on Twitter at http://wef.ch/twitter and http://wef.ch/livetweet
Read the Forum Blog at http://wef.ch/blog
View upcoming Forum events at http://weforum.org/events
Subscribe to Forum News Releases at http://wef.ch/news

From Table 1: The Enabling Trade Index 2014 rankings [XLS link]

Country/EconomyRankScore (1–7)Region*Income**
Singapore15.9ADVHIC
Hong Kong SAR25.5ADVHIC
Netherlands35.3ADVHIC-OECD
New Zealand45.2ADVHIC-OECD
Finland55.2ADVHIC-OECD
United Kingdom65.2ADVHIC-OECD
Switzerland75.2ADVHIC-OECD
Chile85.1SAHIC-OECD
Sweden95.1ADVHIC-OECD
Germany105.1ADVHIC-OECD
Luxembourg115.1ADVHIC-OECD
Norway125.1ADVHIC-OECD
Japan135.1ADVHIC-OECD
Canada145.0ADVHIC-OECD
United States155.0ADVHIC-OECD
United Arab Emirates165.0MENAPHIC
Denmark175.0ADVHIC-OECD
Austria185.0ADVHIC-OECD
Qatar194.9MENAPHIC
Belgium204.9ADVHIC-OECD
France214.9ADVHIC-OECD
Iceland224.9ADVHIC-OECD
Australia234.9ADVHIC-OECD

© Scoop Media

 
 
 
 
 
World Headlines

 

Palestinian Refugees From Syria Face Worsening Situation

Palestinian women at a UNRWA distribution centre in the Jaramana refugee camp, Damascus, Syria. Photo: UNRWA/Carole Alfarah More>>

ALSO:

Greece Risks Prolonged Social Crisis

Greece’s severe financial crisis has bred social unrest and intolerance of the nearly one million irregular migrants living in the country (October 2012). Photo: IRIN/Kristy Siegfried More>>

Madagascar: Warning Of ‘rapid’ Spread Of Plague In Capital

Ny Hantra Andriatsifasoa survived the bubonic plague after being infected in Madagascar in 2011. Photo: IRIN/Tiana Randriaharimalala More>>

New Bird Flu Strain In Europe Threatens Poultry Sector

24 November 2014 – The United Nations Food and Agriculture Organization ( FAO ) today warned that a new bird flu strain detected in Europe poses a significant threat to the poultry sector, especially in low-resourced countries situated along ... More>>

Mexico: Disappearances Reach Record Number This Year

The National Registry of Missing Persons acknowledges that from 2007 to date, there are 23,605 cases of disappeared persons; 40% have been reported during the current administration of President Enrique Peña Nieto. More>>

Ban To Take Up Fight Against Ebola With All UN Organisations

Street sellers at Waterside market in central Monrovia, where there has seen a huge drop in customers over the past months due to the onset of the Ebola Virus Disease. Photo: UNDP/Carly Learson (20 November 2014) More>>

ALSO:

Darfur: UN-Backed Event Promotes Role Of Women In Peace

Darfur: amid mass rape allegations, UN-backed event promotes role of women in peace processes More>>

Ebola Cases No Longer Rising In Guinea And Liberia

In Conakry, Guinea, a mobilizer teaches children about proper handwashing techniques, which help prevent the spread of diseases, including Ebola. Photo: UNICEF/Timothy La Rose More>>

ALSO:


Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news