Taipei, Taiwan has maintained its status as the world's fourth-best investment destination in the latest U.S. Business Environment Risk Intelligence (BERI) report, the Ministry of Economic Affairs (MOEA) said in a statement Friday.
Taiwan received a total score of 64 points for profit opportunities recommendation (POR) -- the overall indicator used by BERI to evaluate each country as an investment destination.
Taiwan's ranking was the same as in the previous BERI report released in April, but its score was down one point from the 65 points it received earlier this year, the ministry said.
According to BERI, the business risk service report provides qualitative analyses and forecasts for 50 countries three times per year -- April, August and December.
The organization uses three main indicators to assess investment risk -- operations risk, political risk, and remittance and repatriation factor risk.
In the August report, Taiwan ranked only behind Switzerland, Norway and Singapore, which scored 74 points, 69 points and 65 points, respectively.
The economics ministry said Taiwan's overall score was dragged down by the political risk indicator, which fell two points to 44 in August, ranking the country 20th among the 50 countries surveyed.
In terms of the operations and foreign exchange indexes, Taiwan was ranked fourth and first, the same as in the April report.
Overall, the index gave Taiwan's general investment climate a 1B rating, which means investors can invest in Taiwan's equity market for the long term.
According to the U.S.-based business analysis and rating service provider, Taiwan will be the seventh-best investment destination worldwide by 2024, although its overall POR score is expected to rise to 66 points.
Source: Focus Taiwan News Channel