Improving Transnational Transport Corridors
In the OIC Member Countries: Concepts and Cases
83
Turkmenistan (2,21/140st) and Armenia (2,21/141st) all have low rankings. Among other
TRACECA countries, Kazakhstan (2,75/77th) does reasonably well.
The ease of doing business (EODB) is a compilation of factors, which includes the quality of
financial markets that reflects the philosophy of the World Bank. It would be logical to assume
that as trade improves due to the effect of a transport corridor, the constraints on doing
business would improve as well. A nation's ranking on the index is based on the average of 10
sub-indices that are set out below:
 Starting a business – Procedures, time, cost and minimum capital to open a new
business
 Dealing with construction permits – Procedures, time and cost to build a warehouse
 Getting electricity – procedures, time and cost required for a business to obtain a
permanent electricity connection for a newly constructed warehouse
 Registering property – Procedures, time and cost to register commercial real estate
 Getting credit – Strength of legal rights index, depth of credit information index
 Protecting investors – Indices on the extent of disclosure, extent of director liability
and ease of shareholder suits
 Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and
total tax payable as share of gross profit
 Trading across borders – Number of documents, cost and time necessary to export and
import
 Enforcing contracts – Procedures, time and cost to enforce a debt contract
 Resolving insolvency – The time, cost and recovery rate (%) under bankruptcy
proceeding
It is being compiled annually to provide an insight into the progress that individual countries
are making to simply and streamline business processes. The performance of the TRACECA
member states are shown i