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ICC Index: G20 countries fail to lead in trade openness
16 December 2011
The support for open trade pledged by G20 countries at the end of the Summit in Cannes was not matched by their recent performance according to ICC research.
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ICC
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trade openness
ICC Open Market Index
Doha Round
The support for open trade pledged by G20 countries at the end of the Summit in Cannes was not matched by their recent performance, according to the findings of the “ICC Open Markets Index” – released today by the International Chamber of Commerce (ICC).
The most open of the G20 countries is Germany, followed by the United Kingdom, Saudi Arabia, France and Australia, according to the “ICC Open Market Index”, which was conducted for the first time this year by the ICC Research Foundation. G20 countries only ranked average out of 75 countries for their openness to trade.
The United States ranked roughly in the middle of the sample at number 39, followed closely by Japan at number 43. Brazil ranked last out of the G20 countries. The five other G20 countries with “below average openness”, according to the Index, were China, Mexico, Russia, Argentina and India.
The index’s results amplify,...
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