Finance

Finance

Azerbaijan outranks many peers in World Economic Forum ETI ranking

27 August 2009 10:24 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Azerbaijan outranked several developing countries like Ukraine, Russia, Kazakhstan, Brazil, Argentina and others in the World Economic Forumâ€™s 2009 Global Enabling Trade Report which measures and analyzes institutions, policies, and services enabling trade in national economies around the world, highlighting for policymakers a countryâ€™s strengths and the challenges to be addressed.

Among 121 countries in the report, Azerbaijan ranked 70th with a score of 3.77, followed by Ukraine (71), Brazil (87), Kazakhstan (93), Argentina (97) and Russia (109).

Turkey ranked 48th while Georgia, Armenia, Belarus and Turkmenistan are not included in the list.

The Enabling Trade Index, featured in the report, measures the factors, policies and services facilitating the free flow of goods over borders and to destination. The index breaks the enablers into four overall issue areas: (1) market access, (2) border administration, (3) transport and communications infrastructure and (4) the business environment.

Singapore and Hong Kong SAR â€“ occupy the top two positions in the ranking, followed by Switzerland, Denmark, Sweden, Canada, Norway, Finland, Austria and the Netherlands.

Germany comes in 12th and the United States 16th overall, while Chile, ranked 19th, leads the rankings in Latin America and the Caribbean by a considerable margin. The United Arab Emirates, listed in the 18th position, leads the rankings for the Middle Eastern and North African region. In the 33rd position, Mauritius is the highest-ranked country in sub-Saharan Africa.

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.