FIJI NEWS

Fiji will learn from Korea: Naupoto

By MAIKA BOLATIKI Fiji has a lot to learn from Korea’s export driven economy, centered on manufacturing and industry, which provide limitless opportunities for investment and technology transfer for Fiji
13 Oct 2012 09:11

By MAIKA BOLATIKI

Fiji has a lot to learn from Korea’s export driven economy, centered on manufacturing and industry, which provide limitless opportunities for investment and technology transfer for Fiji and its private sector.
These were the comments shared by Minister for Youth and Sports Commander Viliame Naupoto as he opened the first Fiji/Korea Investment Seminar 2012.
In opening the seminar, Commander Naupoto acknowledged the presence of investors saying it would ensure the strengthening of Fiji’s trade and investment relations with Korea. He added that Government was committed to ensuring that transparency, stability and integrity remain the foundations of Fiji’s economic development.
“Over the past several decades, the Republic of Korea (ROK) has achieved a high level of economic growth, which has allowed the country to rise from the rubble of the Korean War into the ranks of the Organisation for Economic Coperation and Development (OECD),” Commander Naupoto said.
“Today, the Republic of Korea is amongst the strongest and largest economies of the world. It has proven itself with such impressive economic and commercial developments and supportive infrastructure; something we admire immensely and wish to emulate.”
Commander Naupoto said Fiji’s geographical location in the Pacific, coupled with modern infrastructure, telecommunications and financial services makes Fiji a natural hub for investment. Furthermore, Fiji has the ability to offer many niche export products which are not available elsewhere in the world.
The seminar, which was hosted and organised by the Fiji Mission in Seoul, attracted more than 50 representatives from over 20 companies.
Senior Government officials who presented at the seminar comprised the Governor of the Reserve Bank Barry Whiteside, Permanent Secretary for Finance Filimone Waqabaca, Deputy Secretary for Works, Transport and Public Utilities Malakai Tadulala, chief executive officer Investment Fiji Ravuni Uluilakeba and Tourism Fiji Korean officer Daisy Park.
Commander Naupoto then visited two renewable energy companies which have already established projects in Fiji.




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