6th pillar: Goods market efficiency

This indicator is a derived from the following indicators: - (a) Intensity of local competition (b) Extent of market dominance (c) Effectiveness of anti-monopoly policy (d) Extent and effect of taxation (e) Total tax rate (f) Number of procedures required to start a business (g) Time required to start a business (h) Agricultural policy costs (i) Prevalence of trade barriers (j) Trade tariffs (k) Prevalence of foreign ownership (l) Business impact of rules on FDI (m) Burden of customs procedures (n) Degree of customer orientation and (o) Buyer sophistication.







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