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January 30, 2006
Reforms in Developing Countries Can Boost Exports, Study Says
A study from the World Bank and the International Finance Corporation, entitled "Trading on Time," says that delaying
exports hurts developing countries' economies. In some countries, an export container requires 116 days to move from the factory or farm to the nearest port and to fulfill all the customs, administrative and port requirements to load the cargo onto a ship.It takes only 20 days in China, Malaysia or Chile. Long delays also make it impossible to export perishable agricultural products such as meat, fruits and vegetables. The study determines how time delays affect international trade, comparing newly collected data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries.
Posted by Syamak Moattari at January 30, 2006 09:41 AM
