SUNBIZ

Businesses Challenged to Increase Exports

One of the challenges put to the business community yesterday during the Special Budget Forum was to look at ways to increase exports. Governor of the Reserve Bank of Fiji
05 Oct 2014 15:24
Businesses Challenged to Increase Exports
Mohseen Daniyal Haider Khan with his mother Ms Saraga Begum.

One of the challenges put to the business community yesterday during the Special Budget Forum was to look at ways to increase exports.
Governor of the Reserve Bank of Fiji said the issue with our balance of trade was our imports were raising much faster than our exports.
“So the issue on hand is how do we drive our exports to match the pace of our imports,” he said.
“When the economy is growing strongly, we will be importing a lot of things, whether it is investment purposes or consumption type of activity.
“The imports are growing in excess of exports and we need to really work on exports.”
With exports expected to be at a total value of $2.1 billion this year and imports at $4.6 billion, Mr Whiteside said this was a big trade deficit there and something which we need to work on.
Feedback:  rachnal@fijisun.com.fj



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