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Taiwan remains a `low-risk' business environment: report

Taiwan remains a country with a "low-risk" investment environment in the latest rating conducted by US-based Business Environment Risk Intelligence (BERI) -- a private source for comprehensive ratings, analyses and forecasts for more than 140 countries.

The Ministry of Economic Affairs' Industrial Development and Investment Center (IDIC) yesterday released BERI's Business Environment Ratings Report of 2006, which gave Taiwan 72 points on the profit opportunity recommendation score -- BERI's overall indicator of a country's business environment.

Among the 50 major countries listed in the report, Taiwan ranks sixth in the world, behind Switzerland, Singapore, the Netherlands, Japan and Norway, and is placed third in Asia.

The ratings were unchanged.

IDIC officials said Taiwan once again received the top 1A rating in terms of investment environment, meaning it is a low-risk country suitable for investment.

The report said the cross-strait situation was the major factor affecting the rating in terms of politics, indicating that conflicts between the Democratic Progressive Party and the Chinese Nationalist Party (KMT) on cross-strait policy, China's strong opposition to Taiwan's independence movement, as well as anticipation that the DPP government will fail to produce "constructive administrative policies" before the presidential election in 2008, raised the risk of investing here.

However, BERI also anticipated that the cross-strait political standoff will relax in the next few years.

This makes it possibile that Taiwan's investment risk rating will improve to second in Asia within five years, the IDIC said.
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