Geneva: The UAE was ranked the top country in the Middle East and North Africa (Mena) region and 16th internationally by the Middle East and North Africa (Mena) by the Global Enabling Trade Report 2014, a copy of which was handed over to Permanent Representative of UAE to the United Nations Office and Other International Organisations in Geneva, Obaid Salem Al Za’abi, by the Secretariat General of World Economic Forum (WEF).
According to the WEF report, UAE climbed three places from its overall ranking in 2012.
The Enabling Trade Index, the core of the Global Enabling Trade Report, measures the factors, policies and services that facilitate the trade in goods across borders and to destination. It is made up of four sub-indexes: Market access, Border administration, Transport and communications infrastructure and Business environment.
Each of these sub-indexes contains two to three pillars that assess different aspects of a country’s trade environment.
In the new report, UAE ranked first internationally in the Transport and communications infrastructure, and 13th internationally among 135 countries in terms of the business environment sub-index, and achieved advanced positions in the other sub-indexes.
