Seven of the top 10 ranked markets for Compatibility
now come from the Middle East & North Africa region,
compared to just five last year. The UAE retains its
position at the top for a third consecutive year, with
its abundance of free trade zones, no corporation tax,
the offer of full ownership and unlimited repatriation of
profits still setting the benchmark for emerging markets.
That said, Qatar (2nd) has more or less halved the gap
between itself and the UAE in terms of score, as trade
barriers continue to be diminished.
While Oman’s score also improved, Bahrain’s gain was
much more pronounced. It has moved from 11th to 4th
on the back of lower trade barriers and business costs
of crime and terrorism. Morocco (9th) was the other new
entry to the top 10, as Chile and Malaysia fell outside.
Russia continues its descent down the rankings
from 16th to 18th as its relationships with most of the
international community continue to be frosty, though
the relationship between Putin and Trump will be one to
watch going forward.
India has progressed from 21st to 19th as FDI has
increased and trade barriers have lowered. Enhanced
international investment will no doubt depend on
improvements to the country’s regulatory and
bureaucratic structure. The news around GST appears
to have generated renewed hope that meaningful
improvements can and will be made.
Among the five new entrants to the Index, Ghana ranks
highest at 22nd, one place better than Iran at 23rd.
Ghana has improved year-on-year thanks to lower trade
barriers and business costs of crime and terrorism. Its
above average overall scores in these facets are core
drivers behind its decent ranking. Mozambique, Angola
and Myanmar all languish below 40th place.
To read the Emerging Market 2017 full report, click here.