World Economic Forum

The World Economic Forum (WEF) is a Swiss non-profit foundation, based in Cologny, Geneva. It describes itself as an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. The Forum is best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 top business leaders, international political leaders, selected intellectuals and journalists to discuss the most pressing issues facing the world, including health and the environment.

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    • The Global Enabling Trade Report
      March 2017
      Source: World Economic Forum
      Uploaded by: Knoema
      Accessed On: 01 March, 2017
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      Data cited at: The World Economic Forum https://www.weforum.org/ Topic: The Global Enabling Trade Report 2016 Publication URL: http://reports.weforum.org/global-enabling-trade-report-2016/ License: https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode   The Enabling Trade Index (ETI) was developed within the context of the World Economic Forum’s Transportation Industry Partnership program, and was first published in The Global Enabling Trade Report 2008. The ETI measures the extent to which individual economies have developed institutions, policies, and services facilitating the free flow of goods over borders and to destination. The structure of the Index reflects the main enablers of trade, breaking them into four overall issue areas, captured in the subindexes: 1) The market access subindex measures the extent to which the policy framework of the country welcomes foreign goods into the economy and enables access to foreign markets for its exporters. 2) The border administration subindex assesses the extent to which the administration at the border facilitates the entry and exit of goods. 3) Infrastructure subindex takes into account whether the country has in place the transport and communications infrastructure necessary to facilitate the movement of goods within the country and across the border. 4) The business environment subindex looks at the quality of governance as well as at the overarching regulatory and security environment impacting the business of importers and exporters active in the country. Each of these four subindexes is composed in turn of a number of pillars of enabling trade, of which there are seven in all. These are: 1) Domestic market access; 2) Foreign market access; 3) Efficiency and transparency of border administration; 4) Availability and quality of transport infrastructure; 5) Availability and quality of transport services; 6) Availability and use of ICTs; 7) Operating environment. Each indicator and sub-indicator is given a score on a scale of 1 to 7 that corresponds to the worst and best possible outcome, respectively.