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Monday, October 01, 2007

Fiji ranked 36th best in terms of ease of doing business

Fiji has been ranked 36th in a list of 178 countries around the world in terms of ease of doing business. The rankings were done by the World Bank and is published in its report - Doing Business 2008.

Fiji's ranking has fallen slightly from 31st, however, it remains as the best in the Pacific region.

The rankings are based on 10 indicators of business regulation that tracked the time and cost of meeting government requirements in business start-up, operation, trade, taxation and closure. These indicators include both economic and social factors.

The World Bank report also found that equity returns are highest in countries that are reforming the most.

The rankings do not reflect such areas as macroeconomic policy, quality of infrastructure, currency volatility, investor perceptions or crime rates.

For information on obtaining licences for setting up business in Fiji, pls refer to the Fiji Islands Trade and Investment Bureau website on http://www.ftib.org.fj/.

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