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Sunday, September 24, 2023

UAE tops WEF Mena Trade Index Report

UAE tops WEF Mena Trade Index Report
UAE tops WEF Mena Trade Index Report

UAE was ranked top in the Middle East and North Africa region and 16th internationally by the Global Enabling Trade Report 2014. The UAE climbed three places from its overall ranking in 2012, according to the report released by the World Economic Forum, or WEF.
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.
According to the report, the UAE ranked first internationally in the transport and communications infrastructure and 13th globally among 135 countries in terms of the business environment sub-index, and achieved advanced positions in other sub-indexes.

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