ARMENIA RANKED 52ND IN WORLD ECONOMIC FORUM’S GLOBAL ENABLING TRADE REPORT

/ARKA/
May 25, 2010
YEREVAN

Armenia is ranked 52nd in World Economic Forum’s Global Enabling
Trade Report.

The country upgraded its rank by 12 positions, compared with 2009.

According to the report, Armenia’s enabling trade index is 4.24
this year.

Armenia improved all its indicators.

In particular, it improved its market access index to 5.33 and came
ninth in World Economic Forum’s ranking.

Armenia took up medium positions for its ability to spur a free flow
of goods and reached progress also in boarder administration ranking,
improving its index to 3.52.

Armenia’s rank in business environment and development of
transportation and communication infrastructures report remains almost
unchanged, but the country was placed 20 points higher for the number
of mobile telecommunication users.

Remarkable is that Armenia outdone Azerbaijan who ranked 77th this
year, Russia (114th rank), Kazakhstan (88th) and Ukraine (81st),
and is lagging only behind Georgia (37th) in the Commonwealth of
Independent States.

Singapore, with its 6.06 enabling trade index, is topping the World
Economic Forum’s ranking now, as in 2009.

Hong Kong, with 5.70, follows Singapore. Then Denmark and Sweden come
with their 5.41.

Switzerland (5.37) is fifth in top five. Ivory Coast, Chad and Burundi
took the worst positions.

The enabling trade index measures the factors, policies and services
that facilitate the trade in goods across borders and to destination.

The ranking, which spans 125 counties, is made up of four sub-indices:
market access, border administration,ã~@~@transport and communications
infrastructure and business environment.

Market access index shows how much a country has accomplished in
spurring turnover of imports on local market and free access of
domestic manufacturers to foreign markets.

Border administration shows how mechanisms applied in this area foster
effectiveness of flows of goods.

Business environment index means environment regulating a country’s
import and export. Transport and communications infrastructure index
estimates effectiveness of inside and outside freight traffic.

From: A. Papazian