Azerbaijan, Baku, 18 June / Trend corr A. Badalova/ Honk Kong and Singapore took the first and second places due to their economic indices. According to the report of the World Economic Forum, those results show openness of international trade and investments which is a part of strategic economic development in countries. Azerbaijan took the 76th place in the rating.
Honk Kong does not impose tariffs on imported goods, and the business climate in the country is open for investments. At the same time, transport and telecommunications infrastructure is well developed in the country.
Singapore has a high management transparency. Business climate in the country is also opened to foreign investments. Anyway, access to the Singapore market is still difficult. In spite of low tariffs, non-tariff barriers impede access to the market.
Sweden took the third place out of 118 countries due to its transport and communication infrastructure. As to access to Sweden's market, the country has low tariffs like other EU countries.
World Economic Forum presents top ten countries with highest economic indices:
|
Rate |
Country |
|
1 |
Hong Kong |
|
2 |
Singapore |
|
3 |
Sweden |
|
4 |
Norway |
|
5 |
Canada |
|
6 |
Denmark |
|
7 |
Finland |
|
8 |
Germany |
|
9 |
Switzerland |
|
10 |
New Zeeland |