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Austria ranks among top ten in Global Enabling Trade Report 2009

People in a meeting © photocase.com/golffoto

© photocase.com/golffoto

22 July 2009

When it comes to international trade and investment, Austria is among the top 10 most open states in the world. This was recognised by the World Economic Forum in its recently published “Global Enabling Trade Report 2009”.

The "Global Enabling Trade Report" by the World Economic Forum has been published for the second time, evaluating a total of 121 national economies including Austria. In the Global Enabling Trade Index 2009 which is part of the report, Austria takes 9th place, making Austria one of the top nations in terms of enabling international trade. Austria does particularly well in the categories of border administration (6th), transport and communications infrastructure (6th), and business environment (8th). There is still room for improvement when it comes to market access.

The East Asian economies of Singapore and Hong Kong take the top two places in the Enabling Trade Index 2009, followed by Switzerland, Denmark, Sweden, Canada, Norway, Finland, Austria and the Netherlands.

The Global Enabling Trade Index measures and analyses institutions, policies, and services according to factors that facilitate the free flow of goods across national borders and to destinations. Four areas are examined: market access, border administration, transport and communications infrastructure and business environment. The aim of the report is to stimulate dialogue and to measure a country’s strengths in terms of global trade as well as the challenges to be addressed.

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