Posts Tagged ‘World Economic Forum’

New Zealand ranked fourth in the world for ease of trade

Thursday, April 10th, 2014
Photo credit; Yasuhiro Chatani on Flickr

Photo credit; Yasuhiro Chatani on Flickr

A new report from the World Economic Forum ranks New Zealand  fourth in the world for enabling trade.

The Global Enabling Trade Report 2014 measures the extent that economies have institutions, policy, infrastructure and services in place that facilitate the flow of goods and services.

According to the index, New Zealand’s border administration ranks sixth out of 138 countries for facilitating the flow of goods and services, while its operating environment is ranked seventh. New Zealand ranks first on integrity and lack of corruption in its trade and payments systems.

Trade Minister Tim Groser welcomed the release of the report.

“New Zealand’s positive result endorses the Government’s Business Growth Agenda,” says Groser. “New Zealand’s border arrangements and operating environment make it easier for New Zealanders to do business with the rest of world, and for the rest of the world to do business with us.”

Two of the most significant barriers faced by New Zealand exporters are tariff barriers imposed by other countries and the high cost of delay caused by international transportation, according to the Forum.

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New Zealand ranks first as fastest startup place

Monday, October 7th, 2013

A report from the World Economic Forum (WEF) has indicated that New Zealand ranks first out of 146 countries for the fastest time it takes to establish a company.

Photo credit; Nick Kean on Flickr

Photo credit; Nick Kean on Flickr

According to WEF’s Global Competitiveness Report 2013-2014 published on September 3, the period of time required to start a business is shortest in New Zealand, where only a single day is needed.

New Zealand is followed by Australia, Georgia, Macedonia and Hong Kong with the fastest processes and procedures to found a company.

According to WEF’s research, the worst-ranked country in terms of the time required to start a business is Suriname, where the process requires 694 days, or almost two years.

Other countries which rank low in startup times include: Brunei Darussalam, Haiti, Brazil and Venezuela.

To read more on this story, click here.