GERMANY has been rated by the World Bank as the world's most efficient exporter and importer among the top 10 world economies.
The top 10 countries were: Germany, the Netherlands, Belgium, the United Kingdom, Singapore, Sweden, Norway, Luxembourg, the United States and Japan.
Germany, the third-biggest goods exporter globally, regained the top spot in the World Bank's latest study. Top exporter, China, ranked 28th and Hong Kong, was downgraded from second to 15.
Singapore fell from first place in 2012 to fifth. The World Bank said the downgrades were probably due to recent progress in Europe on addressing logistics rather than to a deterioration in performance in other countries.
The study based on a survey of 1,000 logistics professionals came as World Trade Organisation members began implementing a deal to cut red tape by lowering trade barriers and speeding the passage of goods through customs.
A study by the Peterson Institute of International Economics estimated the agreement, reached in December, would inject US$960 billion into the global economy and create 21 million jobs, 18 million of them in developing nations.
The study was based on factors including customs performance, infrastructure and timeliness of shipments.
Low-income countries typically gained from improving infrastructure and basic border management, such as food safety controls, it said.
WORLD SHIPPING
25 March 2014 - 23:08
Germany best trading nation, China 28th , Singapore, HK slip: World Bank
GERMANY has been rated by the World Bank as the world's most efficient exporter and importer among the top 10 world economies.
WORLD SHIPPING
25 March 2014 - 23:08
Germany best trading nation, China 28th , Singapore, HK slip: World Bank
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