Kuwait

Abstract

Wikipedia Country Information

Kuwait ( ( listen); Arabic: الكويت‎ al-Kuwait, Gulf Arabic pronunciation: [ɪl‿ɪkweːt] or [lɪkweːt]), officially the State of Kuwait (Arabic: دولة الكويت‎ Dawlat al-Kuwait), is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. Expatriates account for 70% of the population.
Oil reserves were discovered in commercial quantities in 1938. From 1946 to 1982, the country underwent large-scale modernization. In the 1980s, Kuwait experienced a period of geopolitical instability and an economic crisis following the stock market crash. In 1990, Kuwait was invaded, and later annexed, by Saddam’s Iraq. The Iraqi occupation came to an end in 1991 after military intervention by coalition forces. At the end of the war, there were extensive efforts to revive the economy and rebuild national infrastructure.
Kuwait is a constitutional state with a semi-democratic political system. It has a high income economy backed by the world's sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. According to the World Bank, the country has the fourth highest per capita income in the world. The Constitution was promulgated in 1962. The Kuwait National Cultural District is a member of the Global Cultural Districts Network.


Summary
Instruments ratified: 110 / 282
World Average Ratifications: 114 / 282
Ratification rate: 40.41%
World Average Rate: 41.25%
Weighted score: 46.11%
World Average Weighted Score: 41.25%
World rank: 87 / 194
Developing country rank: 40 / 87
Developing country Avg. Ratifications: 109 / 282
Western Asia rank: 8 / 18
Western Asia Avg. Ratifications: 118 / 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-commerce1/3 (33.33%)33.33%18.00%33Strong
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 Goods0/50.00%25.00%89Weak
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 Cooperation0/60.00%26.00%117Weak
Exemption from Duties0/90.00%30.00%133Weak
Temporary Admission0/110.00%28.00%126Weak
Transit1/4 (25.00%)27.27%28.00%62Weak
Total38.70%31.00%146Weak
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration1/6 (16.67%)25.00%32.00%86Weak
Judicial cooperation2/5 (40.00%)52.63%36.00%58Strong
Recognition of foreign judgments2/2 (100.00%)100.00%2.00%1Strong
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total534.00%29.00%63Strong
 
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
Energy0/20.00%25.00%50Weak
Flora and fauna5/10 (50.00%)54.35%68.00%152Weak
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea11/26 (42.31%)44.57%46.00%107Weak
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total2556.77%61.00%121Weak
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees3/3 (100.00%)100.00%20.00%1Strong
Total326.83%12.00%16Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption1/4 (25.00%)41.67%50.00%92Weak
Cultural Property2/4 (50.00%)50.00%54.00%61Weak
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
Total869.23%68.00%86Weak
 
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 Resolution0/10.00%39.00%77Weak
International Trade Law 7/10 (70.00%)70.00%73.00%84Weak
Trade support institutions6/6 (100.00%)100.00%51.00%1Strong
Total1376.47%63.00%61Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting0/10.00%47.00%93Weak
Copyright1/3 (33.33%)45.45%65.00%112Weak
Industrial designs0/20.00%31.00%82Weak
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights0/30.00%46.00%120Weak
Origin0/30.00%14.00%51Weak
Patents1/5 (20.00%)23.81%57.00%153Weak
Trademarks0/60.00%33.00%124Weak
Varieties of plants0/10.00%37.00%73Weak
Total210.53%42.00%164Weak
 
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
Timber0/10.00%31.00%61Weak
General1/1 (100.00%)100.00%92.00%1Weak
Total138.46%53.00%85Weak
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport7/7 (100.00%)100.00%59.00%1Strong
Aircrafts and civil aviation 7/9 (77.78%)92.00%74.00%11Strong
Maritime shipping and load lines 5/13 (38.46%)60.00%66.00%139Weak
Maritime transport4/12 (33.33%)33.33%27.00%55Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport0/30.00%22.00%50Weak
Road transport2/4 (50.00%)55.56%31.00%48Strong
Space4/4 (100.00%)100.00%40.00%1Strong
Telecommunications1/2 (50.00%)83.33%47.00%26Strong
Total3063.51%50.00%48Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General1/4 (25.00%)41.67%30.00%41Strong
Total141.67%30.00%41Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements0/20.00%18.00%45Weak
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total145.45%47.00%45Weak
 
Strengths and Weakness
Strong
ContractsE-commerce
CustomsCustoms Codification
Dispute resolutionJudicial cooperation
Dispute resolutionRecognition of foreign judgments
Environment and productsChemicals
Environment and productsFoodstuff
Finance, payments and insolvencyInternational guarantees
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationTrade support institutions
InvestmentsInvestment disputes
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsLeasing/Factoring
ContractsProcurement
ContractsSale of Goods
ContractsTravel contracts
CustomsCustoms Cooperation
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionArbitration
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsAir
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
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 Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Institutional ParticipationDispute Resolution
Institutional ParticipationInternational Trade Law
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyIntegrated circuits
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRail transport
WTOPlurilateral Agreements
Instruments ratifications

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