Jordan advances 6 ranks in global indicator of domestic competition

AMMAN — Jordan ranked 40th internationally in the domestic competition indicator of the 2019 Global Competitiveness Report issued by the World Economic Forum, Minister of Industry, Trade and Supply Tareq Hammouri said on Saturday. 

In the evaluation, which included 141 countries, Jordan advanced six ranks when compared to the 2018 report, the Jordan News Agency, Petra, said, citing a ministry statement.

Hammouri said that the indicator comprises three sub-categories, in which the Kingdom saw a remarkable increase when compared to the previous year, when it ranked 33rd in the extent of market dominance category, up by 11 positions from the previous report.

The minister added that Jordan’s ranking went up eight ranks in the distortive effect of taxes and subsidies on competition category, standing at 68th, and advanced five ranks in the completion in services category to 31st. 

He defined the competitiveness indicators of the report as subjective indicators which evaluate the success of countries in abiding by the competition laws and policies in their markets. 

Hammouri said that Jordan’s experience is characterised by “seriousness and success” in implementation, according to several international comparative studies.   

According to the www.weforum.org website, Jordan ranked 70th in the overall report, which measures national competitiveness.