Taiwan ranks world No. 4 for investment: research
October 1, 2012, 12:12 am TWN
TAIPEI -- Taiwan's investment environment has been ranked the fourth best among 50 countries and second best in Asia in a report by U.S.-based Business Environment Risk Intelligence (BERI), the Ministry of Economic Affairs said Sunday.
Singapore was ranked first, followed by Switzerland, Norway and Taiwan in the second business risk service report this year, published in August. The four countries had the same rankings as in the first report of this year, released in May.
Taiwan's score in the August BERI report was 72 points, and is predicted to rise to 73 points in 2013 to tie with Norway as the world's third-best investment destination, and to 75 points in 2017, the ministry said, citing the report.
BERI recommended that investors should maintain investment commitment in Taiwan, saying that the country is expected to improve its trade relations with other countries, according to the ministry.
The ministry said the report also predicted that talks on a free trade agreement between Taiwan and the United States are expected to take place soon and that cross-Taiwan Strait relations will remain stable in the next two years.
BERI's business risk service report evaluates operational risk, political risk and foreign exchange risk in 50 countries. The research firm publishes the report three times a year.
In terms of operations risk, Taiwan received 71 points, taking it down one notch to second place behind Singapore. The report also forecast that Taiwan will be ranked first in the category in 2013 and second in 2017.
Both Taiwan's political risk and foreign exchange risk retained the same rankings as the previous rating at seventh place, or 62 points, and fourth place at 84 points, respectively, according to the survey.