Fiji Time: 3:58 PM on Saturday 22 November

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. Biman: Budget boring
  2. Biggest share
  3. Nine retained
  4. Dragon's embrace
  5. Blind faces 'long' lay-off
  6. Free education extended
  7. Biggest pie goes to FRA
  8. Tonga to forge new partnership
  9. Pacific Islands and China
  10. The priority areas

Top Stories this Week

  1. Tourist's death: Murder accused to appear in court Monday (17 Nov)
  2. Stabbed to death Tuesday (18 Nov)
  3. Lover's alibi Sunday (16 Nov)
  4. Prime Minister Modi arrives in Fiji Wednesday (19 Nov)
  5. Kill victim cried for help Tuesday (18 Nov)
  6. The man behind the scene Monday (17 Nov)
  7. Bula Mr Modi Wednesday (19 Nov)
  8. Man found unconscious, dies in hospital Monday (17 Nov)
  9. Modi-fied Thursday (20 Nov)
  10. Modi announces visa on arrival for Fiji people Wednesday (19 Nov)