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Jakarta Post

RI ranks high in attracting trade

  • The Jakarta Post

Jakarta   /   Fri, June 20 2008   /  10:34 am

Indonesia is good at attracting international trade with its relatively competitive tariff barriers, but our border controls and distribution channels create major obstacles, a report says. The Enabling Trade Index in the 2008 Global Trade Report published Wednesday by the World Economic Forum compares 118 countries' openness and international trade capabilities. Overall, Indonesia ranked 47th among the 118 countries. Hong Kong topped the list, followed by Singapore, Sweden, Norway and Canada. Malaysia ranked 29th, China 48, Thailand 52 and Vietnam 91. The index sums up countries' market access, border administration, transport and communications infrastructure, and business environments. Indonesia's trade has been well supported by regulatory openness and a competitive business environment, but has been stalled by poor infrastructure and difficult pr...