UAE first in the Gulf in terms of positive trade indicators
Recent report assesses countries’ incentives to trade, and the United Arab Emirates topped the pile.
May 20, 2010 10:17 by Rasha Reslan
The UAE, Bahrain, and Oman lead the region in terms of positive trade indicators, according to the findings of the Global Enabling Trade Report, Gulf News reports.
The report assesses the degree to which world economies are supportive of trade, by identifying barriers to trade and those factors that encourage it.
The UAE ranked 16th of 125 globally, in the report released by the World Economic Forum and partners. Kuwait ranked last in the Gulf and 65th overall, and was the only GCC country to fall in ranking versus 2009, the Gulf News says.
Top spots went to Singapore and Hong Kong, with Denmark, Sweden, Switzerland, and New Zealand following. Germany ranked 13th, with the US in 19th place, down three slots from last year.