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Fiji Time: 7:05 PM on Monday 21 April

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Ministry to employ suitable approach

Sherita Sharma
Saturday, November 17, 2012

FIJI'S 'Look North' policy was discussed at length at the second Fiji-Korea Business Forum and Catalogue Exhibition at the Holiday Inn in Suva on Thursday.

Deputy secretary of Industry and Business Development at the Ministry of Commerce and Trade Maciu Lumelume said the ministry would pursue a more relevant and tailor-made trade policy for Fiji.

"The ministry is looking towards employing a more tailor-made approach in terms of trade and investment for Fiji," Mr Lumelume said.

He added the 'Look North' policy was well-suited for Fiji, especially in maintaining relations with Korea.

The 'Look North' policy is Fiji's foreign policy orientation towards the international community.

Fiji has been using this policy to initiate and maintain relations with key Asian players such as Korea, Japan and China.

Mr Lumelume said policies needed to be in line with the People's Charter set up by the government, in particular pillars five and 11.

"Pillar five which calls for economic co-operation and pillar 11 encourages the economy to integrate not just domestically but globally as well," he said.

Mr Lumelume said government aimed for a growth in investor confidence.

"We want to bring about more economic co-operation, more integration to encourage investor confidence."

He said the ministry aimed to encourage more interaction between government and investors.