Business and Regulatory Environment

Description

The World Bank Doing Business Report (2013) ranked Haiti 177th out of 189 economies on the ease of doing business. With its overall evaluation unfavorable, nonetheless it has relatively better performance in terms of getting electricity and enforcing contracts. However, this is contradicting the statement made by BTI report (2014) that eight million (out of an estimated population of 10 million) live without electricity, as well as the opinion of the Heritage foundation (2013) that the state-owned and-subsidized electrical utility serves only 25 percent of the population when consuming 12 per cent of the national budget. Although there has been some economic liberalization, monopoly and oligopolistic competition is still prevailing in the economy due to the lack of regulation over mergers, price fixing or predatory pricing. This deteriorates the business environment and leaves customers with bad service yet at high price. Concerning the regulatory environment, corruption is prevailing at most stages of business, whereas bribery is endemic. The political situation lacks stability, while the legal system does not have strong enforcing power in guaranteeing transparency, fostering competition or protecting property right. The weak institution, prevailing corruption and loose regulatory power all keep Haiti’s political situation fragile. Although the government has adopted certain measures to combat corruption, little progress has been made.

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 :
Ratification rate :
Weighted score : /100
    Ratification Rate Rank Weighted Score Rank
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In Region :
In Development level :