Greece

Abstract

Wikipedia Country Information

Greece (Greek: Ελλάδα), officially the Hellenic Republic (Greek: Ελληνική Δημοκρατία), historically also known as Hellas, is a country in Southern Europe, with a population of approximately 11 million as of 2016. Athens is the nation's capital and largest city, followed by Thessaloniki.
Greece is located at the crossroads of Europe, Asia, and Africa. Situated on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, the Republic of Macedonia and Bulgaria to the north, and Turkey to the northeast. The Aegean Sea lies to the east of the mainland, the Ionian Sea to the west, the Cretan Sea and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin and the 11th longest coastline in the world at 13,676 km (8,498 mi) in length, featuring a large number of islands, of which 227 are inhabited. Eighty percent of Greece is mountainous, with Mount Olympus being the highest peak at 2,918 metres (9,573 ft). The country consists of nine geographic regions: Macedonia, Central Greece, the Peloponnese, Thessaly, Epirus, the Aegean Islands (including the Dodecanese and Cyclades), Thrace, Crete, and the Ionian Islands.
Greece is considered the cradle of Western civilization, being the birthplace of democracy, Western philosophy, the Olympic Games, Western literature, historiography, political science, major scientific and mathematical principles, and Western drama. From the eighth century BC, the Greeks were organised into various independent city-states, known as polis, which spanned the entire Mediterranean region and the Black Sea. Philip of Macedon united most of the Greek mainland in the fourth century BC, with his son Alexander the Great rapidly conquering much of the ancient world, spreading Greek culture and science from the eastern Mediterranean to the Indus River. Greece was annexed by Rome in the second century BC, becoming an integral part of the Roman Empire and its successor, the Byzantine Empire, wherein the Greek language and culture were dominant. The Greek Orthodox Church also shaped modern Greek identity and transmitted Greek traditions to the wider Orthodox World. Falling under Ottoman dominion in the mid-15th century, the modern nation state of Greece emerged in 1830 following a war of independence. Greece's rich historical legacy is reflected by its 18 UNESCO World Heritage Sites, among the most in Europe and the world.
Greece is a democratic and developed country with an advanced high-income economy, a high quality of life, and a very high standard of living. A founding member of the United Nations, Greece was the tenth member to join the European Communities (precursor to the European Union) and has been part of the Eurozone since 2001. It is also a member of numerous other international institutions, including the Council of Europe, the North Atlantic Treaty Organization (NATO), the Organisation for Economic Co-operation and Development (OECD), the World Trade Organization (WTO), the Organization for Security and Co-operation in Europe (OSCE), and the Organisation internationale de la Francophonie (OIF). Greece's unique cultural heritage, large tourism industry, prominent shipping sector and geostrategic importance classify it as a middle power. It is the largest economy in the Balkans, where it is an important regional investor.


Summary
Instruments ratified: 187 / 282
World Average Ratifications: 114 / 282
Ratification rate: 66.65%
World Average Rate: 41.25%
Weighted score: 72.23%
World Average Weighted Score: 41.25%
World rank: 11 / 194
Developed country rank: 10 / 30
Developed country Avg. Ratifications: 159 / 282
Europe Union rank: 9 / 28
Europe Union Avg. Ratifications: 180 / 282
Southern Europe rank: 3 / 14
Southern Europe Avg. Ratifications: 142 / 282
Comparative Statistical Analysis
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce0/30.00%18.00%70Weak
Franchising0/10.00%0.00%1Average
Leasing/Factoring0/20.00%5.00%13Weak
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods1/5 (20.00%)45.45%25.00%29Strong
Travel contracts0/10.00%3.00%7Weak
Total17.25%9.00%94Weak
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation2/6 (33.33%)40.00%26.00%48Strong
Exemption from Duties7/9 (77.78%)77.78%30.00%6Strong
Temporary Admission7/11 (63.64%)67.65%28.00%27Strong
Transit2/4 (50.00%)72.73%28.00%17Strong
Total2068.48%31.00%25Strong
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration4/6 (66.67%)60.00%32.00%11Strong
Judicial cooperation3/5 (60.00%)78.95%36.00%42Strong
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction1/4 (25.00%)100.00%14.00%1Strong
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total864.00%29.00%25Strong
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy2/2 (100.00%)100.00%25.00%1Strong
Flora and fauna9/10 (90.00%)93.48%68.00%4Strong
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses1/1 (100.00%)100.00%18.00%1Strong
Maritime and Law of the Sea20/26 (76.92%)82.61%46.00%21Strong
Protected geographical areas 1/1 (100.00%)100.00%27.00%1Strong
Waste1/1 (100.00%)100.00%93.00%1Weak
Total4287.50%61.00%13Strong
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency1/1 (100.00%)100.00%21.00%1Strong
Bills of exchange and promissory notes2/4 (50.00%)40.00%8.00%28Strong
Cheques3/3 (100.00%)100.00%13.00%1Strong
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
Total634.15%12.00%13Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption3/4 (75.00%)75.00%50.00%6Strong
Cultural Property3/4 (75.00%)81.25%54.00%21Strong
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total1186.54%68.00%14Strong
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards8/8 (100.00%)100.00%86.00%1Strong
Total15100.00%91.00%1Average
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution1/1 (100.00%)100.00%39.00%1Strong
International Trade Law 10/10 (100.00%)100.00%73.00%1Strong
Trade support institutions6/6 (100.00%)100.00%51.00%1Strong
Total17100.00%63.00%1Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright2/3 (66.67%)90.91%65.00%48Strong
Industrial designs2/2 (100.00%)100.00%31.00%1Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights3/3 (100.00%)100.00%46.00%1Strong
Origin0/30.00%14.00%51Weak
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks2/6 (33.33%)36.36%33.00%68Average
Varieties of plants0/10.00%37.00%73Weak
Total1465.26%42.00%48Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber1/1 (100.00%)100.00%31.00%1Strong
General1/1 (100.00%)100.00%92.00%1Weak
Total276.92%53.00%23Strong
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport5/7 (71.43%)90.48%59.00%4Strong
Aircrafts and civil aviation 7/9 (77.78%)92.00%74.00%11Strong
Maritime shipping and load lines 11/13 (84.62%)94.29%66.00%11Strong
Maritime transport9/12 (75.00%)62.50%27.00%2Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport3/3 (100.00%)100.00%22.00%1Strong
Road transport4/4 (100.00%)100.00%31.00%1Strong
Space3/4 (75.00%)83.33%40.00%16Strong
Telecommunications2/2 (100.00%)100.00%47.00%1Strong
Total4487.84%50.00%1Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General2/4 (50.00%)66.67%30.00%11Strong
Total266.67%30.00%11Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements2/2 (100.00%)100.00%18.00%1Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total3100.00%47.00%1Strong
 
Strengths and Weakness
Strong
ContractsSale of Goods
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionArbitration
Dispute resolutionJudicial cooperation
Dispute resolutionState court jurisdiction
Environment and productsChemicals
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Good Governance Corruption
Good Governance Cultural Property
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationDispute Resolution
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyPatents
InvestmentsInvestment disputes
ProductsTimber
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
Intellectual propertyTrademarks
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsE-commerce
ContractsLeasing/Factoring
ContractsProcurement
ContractsTravel contracts
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsAir
Environment and productsGeneral
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyInternational guarantees
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Intellectual propertyIntegrated circuits
Intellectual propertyOrigin
Intellectual propertyVarieties of plants
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
Transport and telecommunicationsMulti modal transport
Instruments ratifications

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