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Sri Lanka ranked 103rd out of 136 counties

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Published: 12:34 GMT, Dec 5, 2016 |
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world-economic-forum

Global Enabling Trade Report 2016, published by the World Economic Forum and the Global Alliance for Trade Facilitation has ranked Sri Lanka 103rd out of 136 counties.

The Enabling Trade Index (ETI) assesses the extent to which economies have in place the factors facilitating the free flow of goods over borders and to their destination. These factors are organized in seven categories: Domestic market access; Foreign market access; Border administration; Transport infrastructure; Transport services; ICT infrastructure; and Operating environment.

On a scale of 1-7 (7 being the best) Sri Lanka’s overall ETI score was 3.9. The most problematic factors for importing were tariffs and non-tariff barriers, burdensome import procedures and corruption at the border.