KUWAIT CITY – Agility (AGLTY), a leading global logistics provider, acknowledges the impact that global supply chains are having in lifting barriers to trade, a key finding of the Global Enabling Trade Report published today by the World Economic Forum (WEF).
The report looks at factors such as tariffs, customs administration and border transparency to rank 132 countries according to their ability to enable trade.
“The report shows clearly how accepted wisdom about trade has been turned on its head,” said Tarek Sultan, Chairman and Managing Director, Agility. “We see this every day across emerging and developed markets alike -- there is no doubt that business imperatives and increasingly global supply chains are opening doors and helping establish new trade flows.”
Far from retreating from those countries identified in the WEF report as challenging, Agility has built a strong position in emerging markets – including those in the Middle East, Asia, Eastern Europe and increasingly Latin America and Africa. The company looks to ongoing growth in these markets in the face of economic gloom elsewhere – a view that looks to be well founded since the WEF report points clearly to the leading role in trade uplift played by emerging markets. Since January 2008, there have been 61 new trade agreements, only five of which were between developed countries, 32 involved developed and developing countries and 24 were between developing countries – such agreements boost emerging market economies and help send poverty into retreat.
The Global Enabling Trade Report 2012 rates India, Russia and China amongst the most challenging markets for trade, all of which are key markets for Agility. “We see steady improvement in ease of doing business in these big markets, while other markets such as Saudi Arabia, the United Arab Emirates, Indonesia, Malaysia, Thailand, Turkey and Vietnam are all improving infrastructure and gaining attractiveness,” said Sultan.
Another key finding of the WEF report is the growing importance placed on supply chain integrity, where increased security and quality can have a positive impact on trade.
“Global chemical and pharmaceutical companies tell us the integrity of their supply chains is one of the biggest risks to their product and brands,” Sultan added.
For more information please contact:
Weber Shandwick Switzerland
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Notes to Editors
- Read the WEF report at www.weforum.org/getr
- Read the 2012 edition of the Agility Emerging Markets Logistics Index at: 2012 Agility Emerging Markets Logistics Index.pdf.
The Agility Emerging Markets Logistics Index is the biggest survey in the emerging markets sector. It highlights rising stars of emerging markets and identifies those shaping up as tomorrow’s BRIC (Brazil, Russia, India and China) countries. Compiled from information from 550 senior logistics experts, it is rich in data and stories on 41 markets, including trade lane shifts.