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He was referring to the adoption in extremis of the Bali Package after an intense, exhausting and suspenseful WTO Ministerial. The package includes the Trade Facilitation Agreement, which aims to simplify and harmonize international trade top 10 international trading companies in india. This success — the first in almost 20 years of the WTO — is good news for international trade, the convalescent global economy, and for global welfare.
After much debate, the connection between trade, growth and development is now well established. The agreement is also a victory for international governance after repeated failures of the system to come together on a number of global issues, and at a time of extreme geopolitical tensions. In a difficult global context, trade remains a vector of prosperity, opportunity and peace, as has been the case throughout history.
Yet, many and significant trade barriers still prevent countries, particularly the poorest, from reaping the full gains of trade. Here we look at the 10 best performers in the latest Enabling Trade Index, which ranks economies in order of their performance:. Singapore tops the index for the fourth edition in a row, as a result of an outstanding performance across the board. The city state leads two of the seven pillars of the index, features in the top five of three more, and ranks eighth and 13th in the remaining two.
There is also no tariff quota or surcharge, no value-added taxes or general-services taxes. Top 10 international trading companies in india features in the top 10 of five pillars.
The country boasts the best port infrastructure in the world. The transparency and efficiency of its border administration are excellent, even though customs procedures are, on average, costly.
Its overall performance on the index is weakened by its market access. While corruption gangrenes public administrations around the world, it is essentially absent in New Zealand. Low tariffs and an easy-to-navigate tariff regime provide favourable access conditions to the market. Finland ranks fifth, owing to the excellence of its border administration and an operating environment among the most conducive in the world to trade.
Finland is also one of the most digitally connected societies in the world. On a less positive note, the quality of transport and logistic infrastructure and services could be enhanced.
The United Kingdom ranks sixth, thanks to its world-class border administration and infrastructure. The country ranks second in terms of the availability and use of ICTs and first in terms of internet use for business-to-consumer transactions.
A strong protection of property rights fourth and an efficient and transparent judicial system make the UK one of the best operating environments in the world. Just as with other advanced economies, however, market access remains a weak spot. Despite being landlocked, Switzerland boasts top-notch transport top 10 international trading companies in india, logistics services and connectivity, as well as extremely efficient border administration.
Chile has improved its trade policy, gaining great access to foreign markets and facilitating entrance to the domestic one. Infrastructure remains a weak spot, with the country ranking 64th in terms of availability and use of transport infrastructure. Protection of property, in particular intellectual property, could be improved. Sweden comes in ninth, benefiting from outstanding ICTs first, worldwide and good border administration top 10 international trading companies in india favourable operating environment.
Logistic and transport services are also well-developed, top 10 international trading companies in india the country has room for improvement in terms of transport and hard infrastructure. In line with other EU members, market access both foreign and domestic is a weak spot.
Foreign direct investment and hiring of foreign labour remain constrained by restrictive regulations and, as with other EU countries, Germany suffers from restricted access to its domestic market.
Robin Bowman 06 Apr More on the agenda. Explore the latest strategic trends, research and analysis. Here we look at the 10 best performers in the latest Enabling Trade Index, which ranks economies in order of their performance: Future of Economic Progress View all.
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