Business and Regulatory Environment

Description

The World Bank Doing Business Report (2013) ranked the Congo 185th out of 189 countries, one position better than the previous year, yet the overall performance remain deficient. Among all indicators, the Congo performs relatively better in the area of getting credits and resolving insolvency. As suggested by the 2014 Index of Economic Freedom, the Congo is ranked 169th across world in terms of its economic freedom. It is acclaimed by government to welcome foreign investment, yet the lengthy and costly administrative processes, bureaucracy, and ineffective governmental decision-making severely dampened the country’s attractiveness to foreign business (U.S. Department of State 2013). With regards to the regulatory environment, heavy state involvement in the leading economic sectors, pervasive corruption, and lack of transparency, remained major obstacles dampening private-sector dynamism and led to uneven economic development. The Congolese government is also accused of being weak in judiciary and incapable of enforcing contracts.

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
In World :  
In Region :
In Development level :