October 18, 2016

Myanmar ranked last in evaluation of 17 Asia-Pacific economies

Myanmar has been ranked last of 17 Asia-Pacific economies evaluated for their efforts to combat illicit trade on an index compiled by the Economist Intelligence Unit.

Myanmar received a score of 10.8 on the 100-point Illicit Trade Environment Index, after Laos (12.9), Cambodia (23.9) and Indonesia (46.1).

Australia topped the list with 85.2, followed by New Zealand (81.8), Hong Kong (81.4) and Japan (75.9).

The index, commissioned by the European Chamber of Commerce in Singapore (ranked eighth on 69.8) and released on October 12, evaluated the economies in four main categories: intellectual property, transparency and trade, customs, and supply and demand.

In an accompanying report, EIU acknowledged the challenges of compiling the index. (Courtesy of frontiermyanmar.net)

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