The China Post
Date: November 1, 2017
By: Rita Cheng, Liao Yu-yang, Chen Cheng-wei and Frances Huang
TAIPEI (CNA) – Taiwan has placed 15th among 190 economies in the World Bank’s
In this Oct. 6., 2017 file photo, Pepper, the humanoid robot by French robotics company Aldebaran Robotics, is seen at an undetermined location of Taishin International Bank (台新銀行). According to the World Bank, Taiwan has placed 15th among 190 economies in the “Doing Business 2018” rankings, down four notches from a year earlier. (CNA)
“Doing Business 2018” rankings, down four notches from a year earlier, according to the international economic organization.
Taiwan received a score of 80.07 points, up 0.41 points from a year earlier, but it still fell in the rankings after being surpassed by other countries that made progress at a faster pace, according to the report, which was issued on Tuesday.
In the Asia-Pacific region, Taiwan finished sixth for the ease of doing business, behind New Zealand (No. 1 in the world with 86.55 points), Singapore (No. 2; 84.57), South Korea (No. 4; 83.72), Hong Kong (No. 5; 83.44) and Australia (No. 14; 80.14), the report said.
The Doing Business report focuses on 10 areas to assess a country’s business environment: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
Among the 10 criteria in the World Bank’s report, Taiwan improved in three of them this year. It finished 55th for trading across borders, up from 68th a year ago, 10th for enforcing contracts, up from 14th, and 16th for starting a business, up three notches from last year, according to the World Bank.
The report praised Taiwan for making “exporting easier by allowing different organizations to electronically issue certificates of origins” and making “enforcing contracts easier by introducing an electronic billing system.” Taiwan performed the best in the category of getting electricity, ranking third in the world, though that was down one spot from a year earlier, according to the report. [FULL STORY]
