New Zealand Embassy Beijing, China

New Zealand named both World’s Least Corrupt and Best Place for Doing Business

In Transparency International's Corruption Perceptions Index released on 5 December 2012, New Zealand was again named as having the lowest perceived levels of public sector corruption out of 176 countries and territories, helped by strong public access to information and rules governing the behaviour of those in public positions. It is the seventh year in a row that New Zealand has topped the index.  This year New Zealand was named in joint first place with Denmark and Finland.

Transparency International is a global civil society organisation against corruption. Through more than 90 chapters worldwide, it aims to raise awareness of the damaging effects of corruption and work with partners in government, business and civil society to tackle corruption. The global Corruption Perceptions Index is a comparative listing it publishes annually to capture perceptions of public sector corruption worldwide.

New Zealand was also recently rated by Forbes magazine to be the best country for doing business, thanks to a transparent and stable business climate that encourages entrepreneurship. The Forbes magazine’s listing of the Best Countries for Business is determined by grading 141 nations and territories on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. New Zealand is the smallest economy in the top 10, but ranks first in four of the 11 metrics, including personal freedom and investor protection, as well as a lack of red tape and corruption.

Together these two results underline that New Zealand, while a small country, nonetheless has some significant advantages as a destination for investing and doing business.

Further information can be found at http://www.transparencynz.org.nz/index.php/indices-reports/new-zealand/144-2012-corruption-perceptions-index and http://www.forbes.com/best-countries-for-business/.
 

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