Yes, This Is The Hub And Here’s Why
Fiji is the most dominant tourism market in the South Pacific and is ranked number one in the highly rated Colliers International rankings.
The Fiji market is capturing over 43 per cent of all inbound visitors to the region.
Investment Fiji chief executive officer, Godo Müller-Teut on Friday told this to the Fiji-Australia-New Zealand Business Councils in the tripartite gathering at The Pearl in Pacific Harbour.
He said the tourism industry was the largest foreign exchange earner in the country.
“The significance of the tourism sector cannot be underestimated and is attracting a growing interest from both domestic and foreign investors,” he said.
Speaking on the topic of ‘Fiji-Hub of the Pacific’ Mr Müller-Teut said it was the ideal re-export centre for international businesses to supply products and services to the rest of the Pacific.
“The recently launched direct flight to Singapore has opened up the Indian market and is providing additional connectivity to Asia and Europe,” he said.
“These connections not only cater to tourist and business travellers but also enable our trading houses to export their commodities in a fast and efficient manner.”
Mr Müller-Teut said Fiji was also a strategic trans-shipment centre for cargo traded between the Pacific Island states.
“Over the past years Fiji has embarked on an extensive programme of infrastructure development and upgrades across the nation,” he said.
For Instance, Mr Müller-Teut said the Nadi international Airport redevelopment had not only increased travellers’ experience but also served as a flagship development project showcasing both the position and aspiration of Fiji as the region’s foremost business and tourist destination.
He said the development of Suva’s Nausori Airport in the second phase of its upgrade was equally significant.
Meanwhile, the New Zealand-Fiji Business council president, Chandra Sen in closing the conference said New Zealand would host the joint conference next year.
It is also the 30th anniversary of the New Zealand-Fiji Business council.
Imports from Australia
Imports from Australia have shown a fluctuation from $740.4 million in 2012, to $706.3 million in 2013 and increase in 2014 to $713 million while dropping to $617.5 million in 2015.
Last year, Mr Müller-Teut said machinery and mechanical appliances contributed to 23 per cent of total imports worth $155 million.
This was followed by Vegetable Products at 19 per cent or $129 million, prepared foodstuffs and chemical products at eight per cent.
Imports from New Zealand
The imports from New Zealand increased from $558 million in 2012, to $634 million in 2013 increasing to $858 million in 2014 whilst dropping back to $623.5m in 2015.
In 2015, he said the machinery and mechanical appliances contributed to 27.52 per cent or $171.6 million, followed by live animals at $84.3 million. Base metals and articles of base metal accounted for $69.5 million.
Müller-Teut stressed the similarity between imports from Australia and New Zealand was very clear with machinery and food and beverages as well as base metals dominating imports.
Edited by: Rusiate Mataika