Fiji Time: 12:34 PM on Tuesday 21 October

Fiji Times Logo

/ Front page / Business

Trade scope widens

Sherita Sharma
Saturday, November 17, 2012

THE opening of Fiji's embassy in Seoul, Korea has widened the scope of trade and investment between the two countries.

Speaking at the Fiji-Korea Business Forum and Catalogue Exhibition on Thursday, Fiji Revenue and Customs Authority chief executive officer Jitoko Tikolevu said the establishment of the mission was symbolic of government's commitment to actively engage with the international community.

"As international trade continues to increase and Fiji's economy continues to expand, the Fiji government is committed to ensuring that transparency, stability and integrity form the foundations of our economic development," Mr Tikolevu said.

He said this had contributed to investor confidence by foreign businesses in Fiji.

The embassy was opened in July this year to open up trade and investment opportunities and encourage closer relations.

Fiji has had diplomatic relations with Korea since 1971.

"Fiji and Korea have had a close relationship for more than four decades and in that time Fiji greatly benefitted from technical and developmental assistance provided by the government of the Republic of Korea," he said.

"There are many more incentives through duty concessions that are available to investors, not to mention tailor-made incentive packages to suit your investment needs," he said.

Mr Tikolevu also said the Fiji government recognised the economy's development was catalysed by investment.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Public access
  2. Inside Fiji sevens
  3. Forgery suspect still in remand
  4. Accused on the run
  5. Fiji beats Lebanon, players ready to face Murri at home
  6. 'Get to know your breasts'
  7. TB cases expected to increase
  8. Marks scaling review
  9. Reflect and re-examine
  10. United for a good cause

Top Stories this Week

  1. False rumours warning Friday (17 Oct)
  2. Unknown Tuwai stands out in Gold Coast tournament Wednesday (15 Oct)
  3. Death shocks family Monday (20 Oct)
  4. Fiji removes all doubts Wednesday (15 Oct)
  5. Biman gets nod Saturday (18 Oct)
  6. Detailed report Friday (17 Oct)
  7. Law and order Thursday (16 Oct)
  8. THE NEW PRICES Wednesday (15 Oct)
  9. Praises for Fiji sevens team after win in Australia Thursday (16 Oct)
  10. 8-room home gutted Friday (17 Oct)