Fiji Time: 11:51 AM on Sunday 29 March

Fiji Times Logo

/ Front page / Business

Asian domination of region's market grows

Ropate Valemei
Wednesday, November 21, 2012

FIJI and other Pacific island countries' future success are closely linked, not only to Australia and New Zealand, but also to Asia.

This was revealed by the head of ANZ Transaction Banking Pacific Iain Leech at the Australian Institute of Company Directors Fiji members' meeting on Monday night.

He said Australia and New Zealand were foundations for our country in trade and tourism, however, Asia's role in the region was changing.

"Trade between China and the Pacific grew by more than 30 per cent every year between 2001 and 2011. In financial terms, that's an increase from $180 million in 2001 to more than $2.1bn in 2011," Mr Leech said.

Behind Australia and New Zealand, he said, China was now the third largest aid contributor to the region by pledging more than $US600 million ($F1.06bn) into the Pacific islands since 2005. "Specifically in Fiji, we've seen imports from China to Fiji grow five-fold in the past decade," he said.





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. Memorable moments
  2. 'Ruthless'
  3. Register early, NZ Immigration urges
  4. Shape up or ship out
  5. PM walks 10km
  6. Plan to ban taxi parking in towns
  7. Celebrating Lord Rama's birth
  8. Waratahs climb ladder with 23-11 win over Blues
  9. Lights go out for an hour
  10. FIA: More thought on Bill

Top Stories this Week

  1. Rape on duty Wednesday (25 Mar)
  2. INQUIRY: Baby given wrong injection Friday (27 Mar)
  3. All hope gone Monday (23 Mar)
  4. 'No' to adopted child Monday (23 Mar)
  5. The man who was the champ Monday (23 Mar)
  6. Kepa clarifies position Tuesday (24 Mar)
  7. HK 7s risk Thursday (26 Mar)
  8. Fiji 7s inspires college in win Wednesday (25 Mar)
  9. Strong start Friday (27 Mar)
  10. Key to new home Thursday (26 Mar)