The southeast Asian nation of Vietnam -- one of the world's major apparel producers -- has posted huge gains in 2010 in enhancing trade for exporters and importers, a global business study says. It climbed 18 places to 71st out of 125 nations measured in The Enabling Trade Index rankings, according to the Global Enabling Trade Report 2010 published by the World Economic Forum.
But the study also concludes Vietnam still suffers from low airport density, poor roads, and insufficient port facilities, which indicate that the country's booming economy "is straining the country's infrastructure." The index, which also draws on the results of an executive opinion survey, measures institutions, policies and services facilitating the flow of goods over borders and to destination.
It breaks the enablers into four key areas: market access, border administration including efficiency of customs clearance, transport and communications infrastructure and business environment. Overall, Singapore and Hong Kong continue to occupy the top two positions in the index, says the report, while the world's biggest textiles and apparel exporting nation China moved one slot to 48th.
India , the world's second biggest emerging economy, dropped 8 rankings to 84th says the report and points out that trade is impeded by customs procedures "which remain largely inefficient."
Concerning the performance of other major textiles and apparel exporting nations, the report notes Turkey was positioned 62nd, down from 48th in 2009, Pakistan 112th (100) and Bangladesh 113th (111). Among the advanced industrial economies, Germany was ranked 13th (12), the United States 19th (16), France 20th (17), Japan 25th (23) and Italy 51st (45).
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