$992.2m two-way trade in 2017

THE two-way trade in goods between Fiji and New Zealand reached about $992.2 million last year, with $71m worth of NZ investments.

This was highlighted by Minister for Industry, Trade and Tourism Faiyaz Koya while officiating at the New Zealand-Fiji Business council mission in Suva earlier today.

According to Mr Koya, the $71m registered last year were in the tourism, services, wholesale and retail sectors,.

But Mr Koya has further encouraged Fiji and New Zealand businesses to work together to reach the full potential of exploring new ways in enhancing investment opportunities.

“As a Government and Ministry, we stand ready to work side-by-side with the business community in New Zealand to further ignite the trade and investment between our two countries.”

Mr Koya stressed that in order to strengthen trade and investment relations, Fiji had established the Fijian Trade Commission office in Auckland, earlier this year.

Through the Trade Commission Fiji will redouble efforts in attracting more investments and markets for Fijian Made products.

“We are the hub of the Pacific – the hub of trade, business, transportation, logistics and communications,” he said.

“And we have done exceptionally well over the past decade, as seen quite clearly through the strengths of our economy.”

New Zealand’s High Commissioner to Fiji His Excellency Mr Jonathan Curr commended the support by the Fijian government and said that it reflects the positive outcomes between the two countries while doing business.

The three –day meeting will focus ion areas of interest between the two countries this include; investment opportunities, setting up businesses in Fiji for New Zealand and Trade opportunities.