The ETI ranking is based on indices such as access to domestic and foreign markets, efficiency of customs administration, efficiency of export-import procedure, transparency of border administration and availability and quality of transport services, among others.[break]
World Economic Forum (WEF), which develops the ETI, had ranked Nepal in 118th position in 2010. The ETI has ranked Singapore in the first position. This report has been made public following the release of World Bank’s trading logistics report a couple of weeks ago.
The Global Trade Enabling Report 2012, which has prepared the ETI on the basis of 9 pillars, has ranked Nepal in the 106th position in terms of access to domestic and foreign markets, 121st in terms of customs administration efficiency, 118th in efficiency of import and export procedure, 126th in transparency of border administration, 124th in availability and quality of transport services and 129th in physical security.
The report has also listed problematic factors affecting import and export. Inappropriate production technology and skills, failure to identify potential markets and buyers meet quality/quantity requirements of buyers are the first three major barriers for Nepal´s export growth.
Though Nepal´s import has surpassed the export volume, the report has outlined burdensome import procedures, tariff and non-tariff barriers and corruption on the border as the major problems facing imports.
Nepal ranked in the 118th position in ETI -2010. WEF has also added seven other countries -- Angola, Haiti, Iran, Lebanon, Moldova, Rwanda and Yemen -- in the report.
Other South Asian countries such as India, Bangladesh and Pakistan also have lost their previous positions and have been ranked in the 109th, 113rd and 116th position respectively.
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