UAE 'easiest country to trade with in region' |
|
Dubai: The UAE was ranked as the easiest country to do trade with in the Middle East, The World Bank's report Doing Business in the Arab World 2009 said.
The report, which assessed a total of 181 countries ranked the UAE at 14 globally, while Iraq was positioned at 178 and as the most difficult in the Middle East.
"Economies that have efficient customs, good transport networks and fewer document requirements, making compliance with export and import procedures faster and cheaper, are more competitive globally," the report said.
The UAE jumped 14 places on the ranking from the 2008 assessment, when it was ranked at 24.
Following the UAE close behind at 16 is Saudi Arabia in terms cross border trading. Bahrain was the third easiest country to trade with in the region at the 21st position and Egypt came next at 24.
The ranking on trading across borders is based on three subcategories, each with equal weight to the overall evaluation. Documents required for export and import, time required for export and import and cost to export and import.
In the Middle East, the time required in the UAE for import and export is the fastest at 10 days each. The cost required for import is the least for the country, at $587 (Dh2,154) per container and for export at $618 (Dh2,268) per container.
Djibouti and Bahrain and Saudi Arabia come in the top with five documents required for import or export, while trading with the UAE requires five documents for export and seven for import.
The report said that in 2005, the UAE improved the infrastructure of Jebel Ali port, reducing the time for export and import significantly. Improvements included a port expansion with new berths and conversion of relevant documents such as customs declaration into electronic format.
Recently, Dubai Trade, an online trading portal for DP WorldDP World
, Dubai Customs and Jebel Ali Free Zone Authority (Jafza) has worked to improve trade facilities. It offers numerous services to its clients to help reduce the amount of time, cost and documents required for trade operations.
© Gulf News 2009
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Nissan Motor Egypt | Egypt | Transportation Products |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| KIA Motors Saudi Arabia | Saudi Arabia | Transportation Products |
| Saudi Arabian Oil Company | Saudi Arabia | Oil |
| Federal Electricity and Water Authority | UAE | Electric Utilities |
| General Motors Middle East | Region-wide | Transportation Products |
| Sohar Power Company | Oman | Electric Utilities |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |





Loading ...