Business and Regulatory Environment

Description

Honduras’s liberal trade regime is disadvantaged by cumbersome and time-consuming bureaucratic regulations. This is shown clearly by numerous major international sources that assess a countries business and regulatory environment. The World Bank Doing Business Report (2013) ranked Honduras 127th out of 185 economies. Honduran performance was below the regional average rank of 100. Among the 10 categories analysed by this study, Honduras performs relatively better in enforcing contracts and dealing, registering property and getting credit whereas dealing with construction permits and trading across borders are not favourable. Since 2008 the World Bank considered that the country has implemented a number of positive reforms that are likely to improve the situation. However, despite the evolving regulatory environment, the pace of reform has been slow, particularly in the areas of licensing requirements for starting a business and labour regulations which are considered burdensome and outmoded. There has been an improvement in the overall investment climate in recent years, yet bureaucratic obstacles, lack of physical and legal security, as well as corruption hamper such progress. The legal framework continues to be underdeveloped, and protection of property rights is weak.

The Business Environment: Doing Business

Multilateral Trade Instruments

Abstract


The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade

Instrument ratified :
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Weighted score : /100
    Ratification Rate Rank Weighted Score Rank
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