Bid to attract investors
22 October, 2016, 12:00 am
FIJI is well and truly open for business, with a range of investment incentives and some of the lowest corporate and personal taxes in the region, says Prime Minister Voreqe Bainimarama.
He made the statement at a dinner hosted by the New Zealand-Fiji Business Council in Auckland yesterday.
Mr Bainimarama said a two-way trade in goods and services between Fiji and New Zealand was now worth about $700 million an year.
He urged business stakeholders who are already doing business in Fiji to consider expanding their operations to ride Fiji’s wave of prosperity.
“My instructions to our diplomats including our High Commissioner in Wellington, Filimoni Waqabaca, are to redouble our efforts to boost our trade performance and take it to another level,” he said.
“This includes not only working harder to attract trade and investment to Fiji but to better promote the Fijian-Made brand of quality products and services. So we are especially keen to talk to companies in New Zealand who can promote the Fijian-Made brand because we think that a lot more can be done in this area.”
He said Fiji had an educated, English speaking workforce that was gaining more formal qualifications all the time through the education revolution.
“So the time to begin doing business with Fiji or to take your existing business to another level has never been better.
“Ladies and gentlemen, as I stressed today, most of you will already know about the new infrastructure we have created, including better roads, better airports, more efficient ports. Plus the great connectivity we offer to surrounding markets as the hub of the Pacific and our state-of-the-art telecommunications.”
Mr Bainimarama, however, stressed that the Government didn’t believe in short cuts and would not tolerate doing business on the principle of “who you know” or the principle of the nod and a wink.
“The one thing I would ask you all to do is to follow the proper processes that we have set up to make the investment process more orderly and transparent,” he said.
“We insist on due process and efficiency and believe that our zero tolerance for corruption and our insistence on the maintenance of law and order are powerful incentives in themselves to invest in Fiji.”