ARMENIA RANKS 52ND IN ENABLING TRADE INDEX

PanARMENIAN.Net
May 19, 2010 – 20:14 AMT 15:14 GMT

Armenia ranks 52nd in the Enabling Trade Index, very high customs
rates being the country’s most vulnerable index, according to the
World Economic Forum.

Singapore and Hong Kong are the countries most open to trade. They
are followed by Denmark, Sweden and Switzerland, with New Zealand
climbing five places since last year to take No 6 ranking, said the
Swiss-based forum, which organizes the annual meeting of business
executives and politicians in Davos.

Among the large economies, Germany is the best performer at 13th,
ahead of the United States, which drops by three places to 19th. China
(48th) and Brazil (87th) remain stable, while Turkey (62nd), India
(84th) and Russia (114th) drop in the ranking.

The index measures institutions, policies and services facilitating
the free flow of goods over borders and to destinations, looking at
market access, border administration, transport and communications,
and business environment.

It combines data from public sources and a survey of business
executives, working particularly closely with companies in the
logistics and transport sectors.