Business

Survey: Exporter confidence high

RACHNA LAL SUVA A recent survey has concluded that confidence is particularly high amongst exporters in Fiji, Samoa and Tonga and those exporting agricultural products and manufactured goods. The reports
09 Aug 2014 10:17

RACHNA LAL
SUVA

A recent survey has concluded that confidence is particularly high amongst exporters in Fiji, Samoa and Tonga and those exporting agricultural products and manufactured goods.
The reports suggested this confidence was founded by expected growth from any export markets especially Asian.
This has been highlighted in what is said to be the region’s first Pacific Export Survey.
It was undertaken by the Pacific Islands Trade & Invest (PT&I) in collaboration with the Australian Department of Foreign Affairs and Trade.
The purpose of the study was to examine the business outlook of Pacific Islands’ exporters, identify changes in overseas market demand and provide insights into factors impeding trade.
The report indicated that on average, respondents expected their sales to foreign markets to increase by more than 45 per cent over the next 12 months, reflecting a substantial amount of optimism regarding export prospects.
In particular, exporters in Fiji, Samoa and Tonga are the most confident with sales expected to rise by over 50 per cent in all 3 countries.
“They see export growth arising from both existing and new markets, with the largest increases expected to come from Asia,” it said.
Fiji accounted for the largest number of exporters in the region, accounting for over 25 per cent of those in the sample, followed by Samoa, Tonga, Vanuatu, Cook Islands and Solomon Islands.
The response to the Pacific’s first ever Export Survey was labelled excellent and garnering over 350 responses from all 14 Pacific Island countries.
Feedback: rachnal@fijisun.com.fj




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