Uganda leads EAC states in enabling trade, investment | JamiiForums | The Home of Great Thinkers

Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Uganda leads EAC states in enabling trade, investment

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by MaxShimba, Jul 10, 2009.

  1. MaxShimba

    MaxShimba JF-Expert Member

    Jul 10, 2009
    Joined: Apr 11, 2008
    Messages: 35,816
    Likes Received: 129
    Trophy Points: 160
    Walter Wafula

    Uganda leads other East African Partner states in enabling both international trade and investments, according to the 2009 Enabling Trade Index a global ranking carried out by the World Economic Forum (WEF).

    The WEF is a Switzerland -based non-profit foundation best known for its annual meeting in Davos, Switzerland which brings together leading business executives, international political leaders, selected intellectuals and journalists to debate the most pressing issues facing the world.

    Singapore and Hong Kong the fast growing East Asian economies are ranked number one and two, respectively by the Enabling Trade Index which was unveiled on July 7 in Geneva. The two are followed by European nations; Switzerland, Denmark and Sweden.

    Uganda is ranked number 85 but comes first when compared to other East African Community Partner States. It is closely followed by Tanzania at number 92, Kenya at 98 while Burundi is placed at number 116, out of the 121 countries that were analysed. The survey did not include Rwanda.

    According to The Global Enabling Trade Report 2009 where the Index is published, the results mirror the openness of the top nations to international trade and investment as part of their successful economic development strategy.

    The top two, the report states; “Have put into place highly efficient border administrations and supportive business environments.” “They are endowed with well-developed transport and telecommunications infrastructures ensuring rapid transit to final destination,” continues the report compiled by World Bank President Robert Zoellick, Albert Williams Professor of Trade and Investment at the John F. Kennedy School of Government at Harvard University, USA, among others. The attributes are further supported by business environments that are conducive to trade, according to the economists.

    The Enabling Trade Index uses a combination of data from publicly available sources, as well as the results of the Executive Opinion Survey, a comprehensive annual survey conducted by the WEF with its network of Partner Institutes (leading research institutes and business organizations) in the countries included in the report.

    The survey provides unique data on many qualitative institutional and business environment issues, as well as some indicators related to international trade.