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Fiji Time: 4:11 AM on Friday 18 April

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PDP banks on economic principle

Nasik Swami
Tuesday, January 21, 2014

WITH the 2014 Election approaching, the Peoples Democratic Party (PDP) believes and subscribes to the principles of the "trickle down" economy.

The party believes that when businesses in the community do well, the benefit will trickle down to the average person in terms of generation of employment opportunities and increased wages.

"We will ensure that the business community has the liberty to run their business as they wish without government interference," party spokesperson Nirmal Singh said.

"Government should never tell a businessman how to run its affairs, in fact, the PDP will encourage business community to create and make wealth.

"PDP's policies will reflect the needs and aspirations of the business community and we believe that it is important to first restore confidence in our local business community to invest in Fiji before going out to attract foreign investment."

Mr Singh said when local business communities showed confidence in investing in Fiji and taking the risk, it would automatically attract foreign investment.

"An important prerequisite for investment is the certainty of economic policies. Business confidence is influenced by political and economic stability, certainty in, and predictability of, economic policies.

"Specific economic policies such as tax and other incentives, labour regulations, work ethics, social and economic infrastructure and costs of production are important considerations and PDP will be consistent with its policies and will not shift 'goal posts' at its convenience."

Mr Singh said PDP believed that small and medium size enterprises were the engines of growth, created employment and drove the economy.

"It is important that SMEs are provided necessary stimulus to conduct their business in a conducive environment without excessive requirements and legislation.

"We currently have several stringent local government and central government requirements for the registration and renewal of business licence and these have put immense pressure on businesses and several of them are now faced with closure."

"PDP will be a business friendly government."