The recognition in line with the Government's commitment to improving business environment and attracting investors to invest and operate businesses in the country.
Despite Vanuatus ranking status by the World Bank yet a number of perceive challenges remain. These include a lack of products of sale, high domestic costs, economic vulnerability, a lack of policy coordination, poor infrastructure and high transport costs.
These issues are to be address gradually.
Meanwhile, the Vanuatu cost for port charges and stevedoring are the highest in the Pacific region.
The recently released Vanuatu Diagnostic Integration study report stated that Vanuatu has a high overall import and export costs per container compared with other Pacific countries.
The report stated that the actual distance may not be an overriding factor and that other factors influencing overall costs are port charges and stevedoring.
Import and export costs are even higher than for New Zealand and Australia.
Tonga has the lowest rate in the region.
(Pacnews)

More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index