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PNG Trade minister unhappy with Fiji trade imbalance

The Papua New Guinea government is unhappy with the trade imbalance that exists between them and Fiji. Following his recent official visit to Fiji, the Minister for Trade, Commerce and Industry, Richard Maru told PNG Media that it  was disappointing to find that Fiji to PNG exports are worth a lot more than vice versa. Fiji exports to PNG […]

Peni Shute

January 15, 2016 12:18 pm

The Papua New Guinea government is unhappy with the trade imbalance that exists between them and Fiji.

Minister for Trade, Commerce & Industry, Richard Maru. PHOTO: enposepng.blogspot.com
Minister for Trade, Commerce & Industry, Richard Maru.
PHOTO: enposepng.blogspot.com

Following his recent official visit to Fiji, the Minister for Trade, Commerce and Industry, Richard Maru told PNG Media that it  was disappointing to find that Fiji to PNG exports are worth a lot more than vice versa.

Fiji exports to PNG are worth over K58 million (42m FJD) while PNG exports to Fiji total only K4 million (2.9m FJD).

Minister Maru said he had raised the issue with his Fijian counterpart Minister, Faiyaz Koya.

The minister noted that after the signing of the Melanesian Spearhead Group  Trade Agreement, the PNG economy saw an influx of Fijian goods such as clothes, Fiji Water, and canned foods .

In contrast, no new PNG products have made it to the shelves in Fiji.

Maru says he is keen to see PNG products such as canned food, sugar, coffee, bilums (bags), SP Lager and fisheries products hit the shelves in Fiji in 2016.

A PNG Trade and Investment Road Show will be held in Fiji this year to attracting potential customers of PNG manufactured goods. Minister Maru also hopes the event find new investment opportunities for PNGs private sector and SME’s.

Maru believes that investments in Fiji could increase if a PNG Trade Commission was established in Suva.

Minister Maru also used the visit to convey to the Fijian government a request from the PNG owners of The Pearl Resort in Fiji, for assistance in the acquisition of additional hectares of land for expansion. The resort has had a very successful 12 months of operations since Mineral Resources Development Company they acquired the hotel.

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