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Trade Costs: Venezuela Worst

Panama, the Dominican Republic and Chile have the best overall trade climate, while Venezuela and Haiti have the worst.


Venezuela has replaced Mexico as the most expensive country in Latin America to import to. It already was the most expensive when it came to exports, according to a Latin Business Chronicle analysis of new data from The World Bank.

Venezuelas overall trade regime is now worse than countries like Eritrea, Zimbabwe and the Republic of Congo (which is the worst country  in Sub-Sahara Africa).

Meanwhile, Panama has replaced El Salvador as the least-expensive country in Latin America to export from, while Chile has replaced El Salvador as the least-expensive country to import to. Panama remains Latin Americas leader when it comes to the overall environment for exporting and importing containerized goods, while Venezuela is the worst country, according to our analysis of the banks Doing business survey for 2009.

Despite losing its top rankings in costs, El Salvador is among the countries...

Keywords: Argentina, Brazil, Chile, Colombia, El Salvador, Guatemala, Haiti, Honduras, Mexico, Panama, Peru, Uruguay, Venezuela

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