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Zimbabwe Ranked As The Worst Country On UN Trade Openness

Zimbabwe Ranked As The Worst Country On UN Trade Openness

The United Nations (UN) has ranked Zimbabwe as the worst country in the world in terms of trade openness.

UN agency United Nations Conference On Trade And Development (UNCTD) gave Zimbabwe a lowly three per cent behind Cuba and Iran.

Trade openness measures flexibility and accessibility to foreign investors for international trade while the degree of openness considers the size of registered imports and exports of an economy. Reads the UNCTD’s 2021 Handbook of Statistics:

The lowest value, three percent, was reported for Zimbabwe. Cuba and Iran ranked as the second and third least open economies, respectively.

Hong Kong SAR ranks highest in trade-openness; Zimbabwe is placed at the bottom.

The UNCTAD Handbook of Statistics 2021 provides a wide range of statistics and indicators relevant to the analysis of international trade, investment, maritime transport and development.

President Emmerson Mnangagwa has been seeking to re-engage with the West after two decades of international isolation. However, his questionable economic policies and human rights abuses have dented his chances.

Since 2017 when he rose to power following the ouster of his former boss the late former president Robert Mugabe, Mnangagwa has been pushing the “Zimbabwe is Open for Business” mantra.

Some say it is only in rhetoric since the environment is not yet conducive while some are noting some progress in making it open for business.

More: NewZimbabwe


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11 Comments

Concerned 5 months ago

But ED anenge achiti "open for business" wani 😂😂😂 hayas muma office murikutambwa zvakaomarara


SK 5 months ago

I wonder why the UN ranked us so? 🤣😂😅😆😅


Zman 5 months ago

Ukatozviudzao anaRuka chivende neteam vostro iro unongonzi masanctions chete hapana zvimwe


Chapwititi 5 months ago

Mr Vostro and Mr Nostro,this report is stage managed.


JJ Oko 5 months ago

Pane ari kuona kut mvura hais kuNaya
Ingava problem two

NHM


Busymark 5 months ago

Poor Zim


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Zimdollar 5 months ago

Hezvoka Dr Nostro and Professor Vostro, vatanga vanhu vaya kuita stage manage our sovereignty. Tell them the turuti.🕵


Open for Busyniess 5 months ago

We are open for business!!!


People Of Various Opinions 5 months ago

And probably the most corrupt also....@ least top 10


Jani 5 months ago

What a poorly perfoming govt we have. Its a good thing elections are nearby

Ras lalo 5 months ago

Shame



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