Taiwan is ranked fourth among 50 major economies globally in the latest Profit Opportunity Recommendation report by U.S.-based Business Environment Risk Intelligence SA, according to the Ministry of Economic Affairs May 31.
Scoring 61 out of 100 in the triannual report, Taiwan trailed behind only Switzerland, 69; Norway, 64; and South Korea, 62. It outperformed regional neighbors Singapore, 57; China, 54; Japan, 52; and Indonesia, 50.
Taiwan’s 1C ranking was assessed on the basis of its performance in three indexes: Operations Risk, Political Risk, and Remittance and Repatriation Factor. Switzerland was the only country to earn the top 1A rating, while no economy received the second best IB rating.
The country’s standout results included first in remittance and repatriation and third in operations behind the U.S. and Switzerland, in that order.
Of the 15 subindexes comprising operations, Taiwan placed first in long-term loans/venture capital, second in labor cost/productivity, professional services/contracts and short-term loans, and third in currency exchange and communications/transportation.
Taiwan’s continued lead in remittance and repatriation comes on the back of its merchandise trade surplus of US$58.81 billion in 2020, reflecting an increase of 35.1 percent year on year.
Of the four subindexes used to calculate remittance and repatriation, Taiwan topped in accumulated international reserves, foreign debt assessment, foreign exchange generation and legal framework. (DL-E)
Write to Taiwan Today at ttonline@mofa.gov.tw