Investment

41% of foreign investment projects come from China

Investors from China are investing substantially in Fiji, especially in the wholesale and retail sectors. Minister of Industry, Trade and Tourism, Faiyaz Koya stressed this during his address at the Fiji-China Business Exchange Summit and Trade and Investment Seminar held in Suva yesterday. KOYA: “Regarding investments in Fiji 41 percent of total investment projects registered (in […]

Salote Qalubau

July 27, 2016 12:09 pm

Investors from China are investing substantially in Fiji, especially in the wholesale and retail sectors.

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Minister of Industry, Trade and Tourism, Faiyaz Koya (far right) met with Chinese delegates during the Inaugural Fiji-China Business Exchange Summit and High-Level Trade & Investment Seminar yesterday. (DEPTFO)

Minister of Industry, Trade and Tourism, Faiyaz Koya stressed this during his address at the Fiji-China Business Exchange Summit and Trade and Investment Seminar held in Suva yesterday.

KOYA: “Regarding investments in Fiji 41 percent of total investment projects registered (in 2015) in Fiji were Chinese projects while in the first six months of 2016  figures reveal that about 45 percent of projects registered with Investment Fiji were from China.  Those Chinese investments are in the wholesale and retail sectors.

Minister Koya said  the number of Chinese investments had been increasing in Fiji, and there was an opportunity for both Fiji and China to solidify its bilateral relations

KOYA: “Imports from China grew from $210 million in 2010 to $623 million in 2014. Fijian exports to China have increased from $5 million to $37 million in 2014. Furthermore, Fiji presents an opportunity to investors and the opportunity to invest in a country that is strategically located in the South Pacific and the hub in the region.”

“To facilitate trade and investment, the Fijian Government has provided and will continue to provide a stable and conducive business environment supported by the friendly investment regulations that encourage growth and development.In the past three years, total investments have been the benchmark of 25 percent set by the Government, more importantly, 75 percent of  the total investments are by the private sector.”

Minister Koya added that investments by the private sector were considered with the Fijian Government’s long-term growth strategy of diversification and sustainability.

KOYA: “The Government recognises that private sector investment is the key to sustainable economic growth. Therefore, the Government is committed to modernising our infrastructure and providing a conducive environment that contributes to a robust and resilient private sector.”

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