Taipei, June 1 (CNA) Taiwan was ranked as the world's fourth-best investment destination in a recent report by the United States-based Business Environment Risk Intelligence SA (BERI), down one notch from its previous ranking.
In the latest report issued by BERI, Taiwan garnered a profit opportunity recommendation (POR) of 61, ranking fourth among the 50 major countries assessed by BERI, which uses POR to gauge whether the business environment merits investment.
Taiwan finished behind Switzerland, Norway and South Korea in BERI's first report of 2021, but ahead of Singapore in sixth, China (12th), Japan (14th), Indonesia (17th), Malaysia (20th), Vietnam (22nd) the Philippines (23rd), India (24th) and Thailand (39th).
BERI issues its report in April, August and December every year.
Three key indicators are used by BERI to assess a nation's investment risk -- operations risk, political risk, and a remittance and repatriation factor.
Taiwan remained ranked third in operations risk, sharing the spot with Australia behind the U.S. and Switzerland.
In terms of political risk, Taiwan finished 21st, down seven spots from the previous report issued in December.
It also finished seventh in Asia, behind Singapore, China, South Korea, Japan, Vietnam and Indonesia, and BERI forecast that Taiwan will fall to 24th in this category next year.
In the remittance and repatriation category, Taiwan retained the world's top spot with a score of 80. It also led the world in the category's four sub-indexes -- accumulated international reserves, foreign exchange generation, foreign debt assessment, and legal framework.
