The Global Enabling Trade Report 2014Margareta Drzeniek Hanouz, Thierry Geiger, Sean Doherty, EditorsInsight Report 2014 World Economic ForumInsight ReportThe Global Enabling Trade Report 2014Margareta Drzeniek Hanouz Thierry Geiger Sean Doherty Editors 2014 World Economic ForumThe Global Enabling Trade Report 2014 is published by the World Economic Forum within the framework of the Global Competitiveness and Benchmarking Network and the Supply Chain and Transportation Industry Partnership. The terms country, economy and nation as used in the Report do not in all cases refer to a territorial entity that is a state as understood by international law and practice. The terms cover well-defined, geographically self- contained economic areas that may not be states but for which statistical data are maintained on a separate and independent basis. World Economic Forum GenevaCopyright 2014 by the World Economic ForumPublished by the World Economic Forum www.weforum.orgAl rights reserved. No part of this publication may be reproduced, storied in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior permission of the World Economic Forum. ISBN-10: 92-95044-53-3 ISBN-13: 978-92-95044-53-1This publication is printed on paper suitable for recycling and made from fully managed and sustained forest sources. 2014 World Economic ForumThe Global Enabling Trade Report 2014 | iii Contributors vPreface viiby Espen Barth Eide (World Economic Forum)Chapter 1: The Enabling Trade Index 2014 1by Attilio Di Battista, Sean Doherty, Margareta Drzeniek Hanouz and Thierry Geiger (World Economic Forum)Chapter 2: Latin America and the Caribbean in South-South Trade: 27 Trade Performance and Main Obstacles to Developing Tradeby Margareta Drzeniek Hanouz (World Economic Forum) and Antoni Estevadeordal, Paolo Giordano and Mauricio Mesquita Moreira (Inter-American Development Bank)How to Read the Country/Economy Profiles 45Index of Countries/Economies 49Country/Economy Profiles 50Appendix A: Composition and Computation of the Enabling Trade Index 329Appendix B: Technical Notes and Sources 331About the Authors 337Acknowledgments 339Contents 2014 World Economic Forum 2014 World Economic ForumThe Global Enabling Trade Report 2014 | v PARTNER INSTITUTES OF THE GLOBAL COMPETITIVENESS AND BENCHMARKING NETWORKThe World Economic Forum would like to acknowledge and thank its network of over 160 Partner Institutes, which help administer the Executive Opinion Survey around the world. The Survey provides invaluable data for the production of this Report. The full list of Partner Institutes is available at http:/wef.ch/partnerinstitutes2013.DATA PROVIDERSThe World Economic Forum would like to thank the following experts and their respective organizations for providing privileged access to their data and for their guidance, without which the production of this Report would not have been possible:At the Global Express AssociationCarlos Grau Tanner, Director GeneralAt the International Trade Centre (ITC)Jean-Franois Bourque, Senior Legal Advisor, Business Environment Section, Division of Business and Institutional SupportMondher Mimouni, Chief, Market Analysis and ResearchXavier Pichot, Market Analyst, Market Analysis and Research Alexander Riveros, Trade Law Associate Expert, Business Environment Section, Division of Business and Institutional SupportAt the United Nations Conference on Trade and Development (UNCTAD)Bismark Sitorus, Economic Affairs Officer, Trade Facilitation Section, Trade Logistics Branch, Division on Technology and LogisticsJan Hoffmann, Chief, Trade Facilitation Section, Trade Logistics Branch, Division on Technology and LogisticsAt the World BankChristina Busch, Trade Logistics it is no longer largely about tariff reduction. Decision- making is less straightforward, requiring collaboration among stakeholders as well as coalitions of government departments, outsourced providers, infrastructure investors and digital expertise. At the same time, the rise of global value chains makes the prize bigger. The success of many countries that punch above their weight in the Enabling Trade Index shows what can be done. Since the 2012 edition of the Global Enabling Trade Report, the Forum and its partner companies, together with selected governments, have sought to better understand the value of trade facilitation and how to make it happen. The Valuing Growth Opportunities study reported that reducing even a restricted set of trade barriers halfway to the level of global best practices would yield close to a five percent increase in global GDP. Developing regions and smaller enterprises would see the largest gains. To achieve these gains, governments would need to take a more supply-chain focused approach to trade reform, both in international coordination and domestic action. From Valuation to