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The world's best nations to do business in

Last updated on: May 19, 2010 17:38 IST

The world's best nations to do business in

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East Asian economies Singapore and Hong Kong continue to top the World Economic Forum's 'Global Enabling Trade' rankings, by the World Economic Forum.

India ranks low in the index at 84 with a score of 3.81 in the index of 125 countries.

Among the large economies, Germany is the best performer at 13th, ahead of the United States, which drops by three places to 19th. China (48th) and Brazil (87th) remain stable, while Turkey (62nd), India (84th) and Russia (114th) drop in the ranking.

The results mirror the resilience against the threat of protectionism during the economic crisis. International agreements such the WTO framework and pledges by the G20 have contributed to limiting the effect of protectionist pressures on trade barriers.

Despite fears of rising protectionism, the report confirms that a large majority of countries did not raise trade barriers.

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Image: Microsoft Corp co-founder Bill Gates (front 2nd L) sits in a boat as he crosses river Kosi in Bihar.
Photographs: Reuters.
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Singapore

Singapore is the world's No.1 in terms of domestic and foreign market access, border administration (customs, exports-imports administration), 7th in transport and communications infrastructure and 2nd in business environment, which includes regulatory environment and physical security.

Score: 6.06
GDP: $163.1 billion


Image: Office workers cross a bridge in Singapore's financial district.
Photographs: Vivek Prakash/Reuters.
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Hong Kong

Hong Kong is ranked 16th in domestic and foreign market access, 6th in border administration, 5th in transport and communications infrastructure and business environment.

Score: 5.70
GDP: $ 208.8 billion


Image: aHong Kong's financial district is lit up.
Photographs: Tyrone Siu/Reuters.
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Denmark

Denmark ranks low in domestic and foreign market access at 95th position among all countries. It ranks third in border administration, 8th in transport and communications infrastructure and third in business environment.

Score: 5.41
GDP: $308.3 billion


Image: A view of the the Denmark pavilion at the Shanghai World Expo site.
Photographs: Reuters.
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Sweden

Sweden is ranked at 95 in terms of domestic and foreign market access, 2nd in border administration, 9th in transport and communications infrastructure and 10th in business environment.

Score: 5.41
GDP: $ 397.7 billion


Image: SwedBank office in downtown Stockholm.
Photographs: Bob Strong/Reuters.
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Switzerland

Switzerland is ranked at 58 in terms of domestic and foreign market access, 10th in border administration, 10th in transport and communications infrastructure and 8th in business environment.

Score: 5.37
GDP: $ 484.1 billion


Image: A giant watch displays the time in front of the logo of Swiss Credit Suisse bank.
Photographs: Arnd Wiegmann/Reuters
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New Zealand

New Zealand is ranked at 37 in terms of domestic and foreign market access, 5th in border administration, 26th in transport and communications infrastructure and 11th in business environment.

Score: 5.33
GDP:$ 109.6


Image: New Zealand.

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Norway

Norway is ranked at 33 in terms of domestic and foreign market access, 18th in border administration, 21st in transport and communications infrastructure and 7th in business environment.

Score: 5.32
GDP: $369 billion


Image: Norway.

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Canada

Canada is ranked at 33 in terms of domestic and foreign market access, 18th in border administration, 21st in transport and communications infrastructure and 7th in business environment.

Score: 5.29
GDP: $1,319.1 billion


Image: Canada.

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Luxembourg

Luxembourg is ranked at 73 in terms of domestic and foreign market access, 20th in border administration, third in transport and communications infrastructure and 4th in business environment.

Score: 5.28
GDP: $46.5 billion


Image: Luxembourg.

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The Netherlands

The Netherlands is ranked at 85 in terms of domestic and foreign market access, 4th in border administration, 6th in transport and communications infrastructure and 17th in business environment.

Score: 5.26
GDP: $789.7 billion


Image: Netherlands.

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