Whitechield, a global consultancy specializing in developing public strategies and policies, has unveiled the first edition of the Global Trade Resilience Index report on the sidelines of the COP28 climate change conference in Dubai.
The United Arab Emirates leads the list of the top-performing countries in the Arab region in Whitechield’s Global Trade Resilience Index, thanks to its role as a leading global trade center, a business-friendly environment, a diverse portfolio of trading partners, world-class infrastructure, high-quality logistical services, and outstanding customs capabilities.
The top 10 countries globally in terms of performance in the Global Trade Resilience Index (GTRI 2023) include nine high-income nations: Germany (1), the Netherlands (2), the United States (3), France (4), Japan (5), the United Kingdom (6), Italy (7), Singapore (8), and Belgium (10). China, as a moderate-income country, is ranked ninth. Other middle-income countries that stand out include Malaysia at 20th place and Thailand at 22nd.
Saudi Arabia secures the third position in the Arab region and 47th globally, benefiting from accelerated economic diversification plans and supportive policies. Institutional, financial, and regulatory reforms have resulted in tangible improvements in the business environment, leading to increased growth rates in the travel, tourism, logistical services, and financial technology sectors.
Fadi Farra, Managing Partner at Whitechield, stated, “Whitechield took the initiative, amidst the growing interest in global trade policy issues and their contribution to enhancing the sustainability of world economies, to innovate the Global Trade Resilience Index report. It offers an unprecedented methodology to support countries in identifying available avenues to enhance their ability to withstand and recover from trade fluctuations. The release of this report coincides with the COP28 climate change conference in Dubai, and we hope that the report will contribute to achieving the conference’s goals, particularly in areas where trade policies can support efforts to stimulate climate protection measures and promote sustainable development.