Once again, Australia’s international trade performance has been found wanting: Australia ranked 23rd out of 138 countries in the World Economic Forum’s global "enabling trade" index, released earlier this week. At face value, the score doesn’t seem so bad, but don’t forget that we ranked 17th in 2012, and 14th back in 2009. Even New Zealand is thrashing us, ranking 4th in this year’s report. Ai Group’s Innes Willox is right in saying that the Australian government needs to work on improving our trade performance.
But how can we do this?
Well, we could lower tariff complexity and improve trade transparency. Currently, we rank 43rd in terms of tariff complexity and 22nd in terms of border control administration and transparency.
Would this be enough?