RP’s ranking in World Bank trade survey soars
Monday, January 18th, 2010
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.