BY WEF’S 2008 REPORT ON WORLD TRADE PROMOTION, ARMENIA IN FIRST PLACE AMONG CIS COUNTRIES BY TRADE PROMOTION INDEX
Noyan Tapan
Ju ne 17, 2008
YEREVAN, JUNE 17, NOYAN TAPAN. By the 2008 Report on World Trade
Promotion of the World Economic Forum (WEF), Armenia is in 61st place
among 118 countries by the trade promotion index, taking the first
place among CIS countries and exceeding the indices of Ukraine (68),
Azerbaijan (78) and Russia (103). NT was informed by the Economy and
Values research center – partner of the WEF’s Global Competitiveness
Network that this report was published by the WEF for the first time
and analyses the conditions of ensuring efficiency of the factors
forming the basis of free commodity flow among countries – in each
of the examined countries.
According to the report, Armenia is in 43rd place by the market
entrance freedom index: the economic policy conducted in Armenia
sufficiently promotes the foreign production inflow. On the other
hand, the impact of regulation on the country’s borders on trade is
especially unfavorable (87th place). Armenia is in 77th position by the
index determining the transport and communication infrastructures and
in 53rd position by the index of the sector’s business environment. Out
of the factors influencing international trade, the tariff and
nontariff restrictions (14th place) and the legislative field on
business environment (47th place) are especially effective.
It is said in the report that among Armenia’s results in the sector,
the most vulnerable ones are the efficiency of customs regulation
(103rd place), transparency of the activities of the regulatory bodies
on the borders (92nd place), the availability and quality of transport
means (89th place), and the access and quality of information and
communication means (86th place).
Hong Kong and Singapore are the world leaders by their trade promotion
indices: they are in leading positions in terms of international
trade openness and investment attraction ability.