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The Philippines stature as global trading nation rose in 2009. In the latest World Bank logistics survey that measures how efficiently countries trade their goods around the world, now ranks the country 44th and considered one of the over performers.

Germany emerged on top and Singapore second while Sweden was adjudged the next most trade-friendly nation in the study hailed by the Washington-based institution as “the most comprehensive world survey of international freight forwarders and express carriers.”

“Economic competitiveness is relentlessly driving countries to strengthen performance, and improving trade logistics is a smart way to deliver more efficiencies, lower costs and added economic growth,” said bank chief Robert Zoellick.

High income economies dominated the top logistics rankings, with most of them occupying important places in global and regional supply chains, the 155-nation “Logistics Performance Indicators” study showed.

By contrast, the 10 worst performing countries were all from the low and lower income groups.

“Although the study shows a substantial logistics gap between rich countries and most developing countries, it finds positive trends in some areas essential to logistics performance and trade,” the World Bank said.

“Some of them include the modernization of customs, use of information technology, and development of private logistics services,” it said in a statement.

Aside from the Philippines, other most significant “over-performers” among developing countries are China, which emerged 27th in ranking, India (47), Uganda (66), Vietnam (53), Thailand (35), and South Africa (28).

***Thanks to Good News Pilipinas

Tags: philippines, stock, world bank trade, world market

This entry was posted on Monday, January 18th, 2010 at 10:51 PM and is filed under Pinoy Pride. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.