Tuesday, 2 December 2014

UAE Ranked 16th on Enabling Trade Index 2014

The UAE holds No. 1 rank amongst Arab economies and sixteenth overall on the Enabling Trade Index (ETI) 2014 with a score of 5, according to World Economic Forum.

According to the report, the pillars of the scores (1-7): 1- Domestic Market Access, 2- Foreign Market Access, 3- Efficiency and transparency of Border Association Administration, 4- Availability and quality of transport Infrastructure, 5- Availability and quality of transport services, 6- Availability and use of ICTs and 7- Operating Environment.

The report says the UAE’s success in establishing a logistics, trade and tourism hub in the region is reflected in its strong positioning on the ETI. The UAE also boast a very efficient border administration system and an operating environment that is very conducive to trade, with easily accessible finance and ease of hiring foreign labour. 

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