Investment

Chinese investment and tourism on the rise

China is currently Fiji’s biggest source of Foreign Direct Investment and tourist numbers from China to Fiji has been increasing every year. This statement was made by the Minister of Industry, Trade, Tourism, Lands and Mineral Resources, Hon. Faiyaz Koya as he officiated at the Investment Seminar for Chinese Investors in Suva today. Minister Koya […]

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November 28, 2016 9:47 am

China is currently Fiji’s biggest source of Foreign Direct Investment and tourist numbers from China to Fiji has been increasing every year.

This statement was made by the Minister of Industry, Trade, Tourism, Lands and Mineral Resources, Hon. Faiyaz Koya as he officiated at the Investment Seminar for Chinese Investors in Suva today.

Minister Koya said over the past seven years, there has been a tenfold increase from 4,087 in 2009 to 40,174 visitors in 2015.

“The Fiji-China trade and investments relations has grown from strength to strength and will continue to build upon the solid foundation of a growing political, economic, cultural and people to people relations,” Hon. Koya said.

He added that today’s seminar is a step in the right direction for advancing the growth of trade and investment and will benefit both countries.

“In terms of bilateral economic relations, we have witnessed positive growth in investment, trade and tourists from China. Imports from China have increased from $210million in 2010 to $636million in 2015. Fijian exports to China have increased from $13million in 2010 to $85million in 2015.”

For the past two years, China has had the most number of investors register and implement their projects in Fiji.

In 2015, 41 percent of total investment projects registered in Fiji were Chinese projects while in the first six months of 2016, 45 percent of projects registered with Investment Fiji.

Minister Koya also stressed that the Fijian Government would continue to provide a stable and conducive business environment supported by friendly investment regulations that encourage growth and development.

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