Dhaka Bureau Policy Times : Bangladesh has surpassed India and Pakistan in terms of sustainable trade on the back of better performance in economic and social areas, says the Economist Intelligence Unit (EIU). The Economist Intelligence Unit (EIU) is the research and analysis division of the Economist Group providing forecasting and advisory services.
The country jumped five places up in the index scoring 49.3 out of 100 and ranked 12th among 20 Indo-Pacific economies.
The index measures a country’s capacity to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and social capital development. The index is based on 27 indicators and 20 sub-indicators under three pillars – economic, environment and social.
Bangladesh experienced the highest improvement in social development (9th). On the economic front, the country ranked at the top in the economic growth indicator and performed better in the export market concentration, gross fixed capital formation and growth in the labour force.