UAE Leads MENA Countries in ‘Global Enabling Trade Index’

DUBAI - The UAE topped all countries in the Middle East and North Africa region in terms of speeding up global trade, the World Economic Forum, or WEF said.

By Staff Report

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Published: Wed 8 Jul 2009, 1:55 AM

Last updated: Thu 2 Apr 2015, 4:42 AM

The Middle East’s second biggest economy also ranked 18th in WEF’s global enabling trade index, or ETI, besting the United Kingdom, Japan, China and South Korea. In its “Global Enabling Trade Report 2009,” the UAE was ranked 5th for its efficient and transparent border administration, and 6th for having one of the lowest import costs and least burdensome customs procedures among 121 countries covered in the report. UAE ranked 13th in terms of excellent transport infrastructure and regulatory environment conducive to trade, and 19th in terms of strong institutional framework and also of its openness to foreign participation. In the WEF global enabling subindex, UAE came in 13th in business environment, 20th in border administration, 24th in transport and communication infrastructure, and 65th in market access.

Singapore and Hong Kong, occupied the top two positions in the global ETI ranking, followed by Switzerland, Denmark, Sweden, Canada, Norway, Finland, Austria and The Netherlands to complete the top-10 list. “This success confirms the strategic vision of the UAE wise leadership concerning the desirable location of the country in the regional and global map,” said Hani Al Hamli, secretary-general of the Dubai Economic Council.

He said that the global enabling trade report and other related international economic reports are necessary for the UAE policy-making bodies to assess the performance of different industries, trace the latest developments in the global markets, and pursue the best practices worldwide.

The 2009 global ETI is the second survey conducted by the WEF.

business@khaleejtimes.com



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