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 Monday.
Taiwan received a total score of 65 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 report released in December 2018, but its score was down two points from the 67 points it received at the end of last year, the ministry said.
Only Switzerland, Norway and Singapore were ranked ahead of Taiwan among the 50 countries surveyed in the report, which is issued three times per year, in April, August and December.
The organization uses three main indicators to assess investment risk -- operating conditions (operations risk), political risk, and the foreign exchange/external accounts position (remittance and repatriation factor) risk.
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.
Taiwan ranked as the world's fourth-safest and Asia's safest place in terms of operating conditions and ranked as the world's safest place in terms of foreign exchange/external accounts position (remittance and repatriation factor) risk.
However, it ranked 18th in the world and seventh in Asia for political risk, the worst for any BERI report in the past few years, according to the report.
The U.S.-based business analysis and rating service provider also forecast that Taiwan's ranking could slip to 22nd-safest worldwide next year and 17th-safest around the globe in 2024 in terms of political risk.
Looking toward 2020, BERI forecast that Taiwan will move down one notch to become the fifth-best investment destination in the world, with its overall POR score expected to remain at 65 points.
By 2024, Taiwan will be the sixth-best investment destination worldwide, with its overall POR score expected to rise to 67 points, it forecast.
Source: Focus Taiwan News Channel