Trade Facilitation

Description

According to the World Bank’s Logistics Performance Index (LPI) (2012) which measures countries’ trade logistics efficiency, Guinea was ranked 115th out of 155 countries. Over the years from 2007 and 2012, the country has faced a decrease in its index figure as well as the international rank. However, in 2012, its overall performance is still better than that of other low-income or Sub-Saharan African economies. On the one hand, Guinea has competitiveness in customs, international shipments, and logistics competence compared to the comparable region and income level. Guinea was able to excel in, for example, customs thanks to the installation of the automated system for customs data (ASYCUDA++). It simplified customs procedures and reduced the time from 14 days to 48 hours. On the other hand, Guinea needs to further improve tracking and tracing and timeliness. According to the World Bank Doing Business Report (2013), it takes for Guinea respectively 36 and 31 days to export and import a standard container of goods. However, more than two third of the days – 23 days for each – are spent for preparing 7 to 9 documents, reflecting Guinea’s cumbersome registration procedures that hinder trade.

Logistics Performance Index (LPI): Country Comparison
Source: World Bank, Logistics Performance Index (LPI)

Note: World Bank, 2012

Logistics Performance Index – Evolution
Source: World Bank, Logistics Performance Index (LPI)

Note: World Bank, 2012