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Seminar In China’s Jiangmen City Establishes Links For Investment Here

Seminar In China’s Jiangmen City Establishes Links For Investment Here
Minister for Industry, Trade and Tourism, Faiyaz Siddiq Koya with busniess representatives at the Trade and Investment Seminar held in Jiangmen City, China .
January 29
10:31 2016

A recent Trade and Investment Seminar held in Jiangmen City, China, has enabled Fiji to establish important networks which can lead to more foreign investments in Fiji.

The seminar was part of the Trade and Investment Mission to Guangdong, China, which was led by the Minister for Industry, Trade and Tourism, Faiyaz Siddiq Koya.

Mr Koya described the level of interest from the business community in Jiangmen to invest in Fiji as impressive.

Interest has been shown especially in areas of tourism, tour business, light manufacturing, agro-processing and imports of agro-products to name a few.

Mr Koya highlighted there are a lot of areas in which Fiji and Jiangmen can coperate in.

This, he said, included Government administrative services, micro, small and medium enterprise (SME) development and establishment of a credit facility for SMEs.



Mr Koya highlighting the importance of Jiangmen said the city had a population of 4.5 million and had the highest number of locals now living and investing overseas.

This, he said, made them the number one city in terms of overseas Chinese.

“Over four million former residents of Jiangmen live in over 107 countries around the world and are counted as the richest Chinese in the respective countries,” he said.

“Therefore, this Seminar enabled Fiji to establish important network with the Government and Business representatives of Jiangmen.

“It will also enable Fiji to establish links with Chinese who have invested in other countries around the world.”


The seminar

The seminar in Jiangmen City was attended by over 50 business representatives.

Mr Koya said the trade and investment seminar set the platform for Government-to-Government discussions.

He said this was further elaborated during the one-to-one meeting with the Mayor of Jiangmen, Deng Weigen.

Jiangmen city is a prefecture level city in the Guangdong Province and is the administrative capital of five other cities; Taishan, Kaiping, Xinhui, Enping and Heshan.

The manufacturing sector plays a significant role in the Jiangmen economy and the main industries include motorcycles, household appliances, electronics, paper, food processing, synthetic fibers and garments, textiles and stainless steel products.

“The meeting with the Mayor of Jiangmen established critical political ties and goodwill that we, through the Trade Commission/Consul-General’s office based in China, will capitalise on,” Mr Koya said.

“Additionally, we need to use the historical links that we already have with Jiangmen, through over 200 Fijians of Chinese descent, who were part of the first Chinese settlers in Fiji.”



Meanwhile, Mr Koya labelled the overall Trade and Investment Mission very successful.

He said they would be obtaining endorsement from the Prime Minister and Cabinet on the way forward in terms of realising the opportunities that were available in China, through an action plan.

“We cannot let this opportunity slip by not acting now,” Mr Koya stressed.

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