The World Economic Forum has just published “Global Enabling Trade Report 2014.” According to the study, the most successful countries in terms of enabling trade are Singapore, Hong Kong and the Netherlands.
The report shows that emerging markets are still failing to implement trade reforms to help bolster the global economic recovery. Common barriers to trade among the developing and emerging countries include red tape at borders, corruption, inadequate infrastructure, and low levels of security. Among advanced economies, most apply low import tariffs, but some, such as Switzerland, Norway and EU members, have complex tariff regimes that act as barriers to trade.
The report assesses the performance of 138 economies in four areas: market access; border administration; infrastructure; and the operating environment.