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Thailand up on World Bank rankings

Touristclick Thailand Travel news

Thailand up on World Bank rankings

Thailand is ranked 15th out of 178 economies in the ease of doing business, moving up from 17th last year after adopting the E-Customs system in the export and import sectors, according to the World Bank's "Doing Business 2008" report.

In the same list, Thailand ranks fourth in East Asia after Singapore, Hong Kong and Japan.

In the area of "trading across borders", Thailand's ranking has improved from 103 last year to 50 this year.

Dr. Kirida Bhaopichitr, World Bank economist for Thailand, stated that the kingdom moved up in the world's most business-friendly countries rank because many reforms to reduce time, cost and procedures in importing and exporting, in which E-Custom plays a major role, have been implemented.

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