Taiwan ranks 6th in BERI report

This article was published by the Macroview Weekly on August 29, 2007. It reports that according to the 2007 report of the U.S.-based Business Environment Risk Intelligence (BERI) market research firm, Taiwan's investment environment was ranked sixth among 50 major economies.

Taiwan scored 72 points in BERI's second report for the year, with its investment climate ranking behind that of Switzerland, Singapore, the Netherlands, Japan and Norway. Its ranking was third in Asia.

Taiwan was classified in the 1A category -- a country with low risk for investment -- as in previous reports.

BERI evaluates a country's investment climate on the basis of three major indicators -- business risk index, political risk index and currency exchange risk index.

BERI researchers predicted that Taiwan's overall investment climate will improve stably in the next one to five years.

Taiwan's business risk was ranked third in the world, only behind Switzerland and Singapore, and second in Asia, while its currency exchange risk was classified as fifth in the world and third in Asia.

BERI experts predicted that Taiwan's business risk will continue to improve due to the approval by its legislature in July 2007 of a budget for 10 development projects and growing export demand. These factors will boost Taiwan's economic growth and create more jobs.