Saturday, November 30, 2024
26 C
Brunei Town

Latest

Spotlight on economic mobility

Azlan Othman

The latest Henley Passport Index was recently released, ranking the passports of the world based on metrics such as how many countries one can travel to visa-free.

Brunei Darussalam was ranked the third most powerful in ASEAN after Singapore (1st) and Malaysia (14th). The Sultanate was also in 23rd place globally with visa free access to 167 countries.

In the Index, the top three nations are Asian, while the remaining seven are European. The world’s most welcome nations are Japan and Singapore.

“As we enter the new year, the latest results from the Henley Passport Index provide fascinating insights into a world characterised by extraordinary upheaval and offer a revealing look at what lies ahead,” said the Index.

For the fifth year running, Japan crowns the Henley Passport Index, which is based on exclusive and official data from the International Air Transport Association (IATA). It is the original ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa.

Japanese citizens are now able to visit an astonishing 193 destinations out of 227 around the world visa-free, while South Koreans and Singaporeans, whose countries are tied in second place on the index, enjoy a visa-free/visa-on-arrival score of 192.

Germany and Spain are joint third, with visa-free access to 190 destinations worldwide.

The United Kingdom (UK) and the United States (US) remain in sixth and seventh places, with scores of 187 and 186, and it appears increasingly unlikely that either country will ever regain the top spot on the index which they jointly held nearly a decade ago in 2014.

With global travel now at around 75 per cent of pre-pandemic levels, those with the opportunity to do so appear to be embracing what has been termed “revenge travel”.

However, it was also shared that deeper analysis of the index reveals the darker side to this optimistic picture. Afghanistan remains firmly at the bottom of the index, with a score of just 27 – 166 fewer visa-free destinations than Japan, which represents the widest global mobility gap in the index’s 18-year history.

As indicated by exclusive new research conducted by leading residence and citizenship advisory firm Henley & Partners into the link between passport strength and access to the global economy, citizens of the index’s lowest-ranking countries such as Afghanistan, Iraq (visa-free score of 29), and Syria (visa-free score of 30) are effectively shut out of a shockingly wide breadth of opportunities for economic mobility and growth.

Chairman of Henley & Partners Dr Christian H Kaelin, who invented the passport index concept nearly 20 years ago, said that this latest, eye-opening study enhances our understanding of what passport power means in concrete financial terms.

“The Henley Passport Index measures visa-free access to 227 destinations across the world, which of course makes it an extremely useful tool for travellers. However, for global citizens and international business people, a better measure of economic mobility and opportunity afforded by their passports is an indication of what share of the world’s GDP is accessible to them visa-free.

“The latest research into how much global economic access each passport provides is a useful tool for investors, in addition to giving new insight into the ever-widening economic inequality and wealth disparity that has come to define our world,” added the chairman.

spot_img

Related News

spot_img