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Export Council Hopes For Promotion Of New And Small Exporters In Budget

Bridging gaps between existing exporters and promoting new and small exporters is what the Fiji Exporters Council (FEC) will be hoping for in the 2016 National Budget. Council chairman, Joe
04 Nov 2015 12:46
Export Council Hopes For Promotion Of New And Small Exporters In Budget

Bridging gaps between existing exporters and promoting new and small exporters is what the Fiji Exporters Council (FEC) will be hoping for in the 2016 National Budget.

Council chairman, Joe Taoi, said Fiji Exporters Council will be hoping for the Government to continue with infrastructure development.

Mr Taoi said: “In bridging, we are recommending certain legislative changes by expanding our scope and in so doing encourage and promote more private sector to join our Duty Suspension Scheme (DSS).”

He continued, since the initiation of the Duty Suspension Scheme, it had become instrumental in ensuring their competitiveness in international trade.

“Currently our value adding is $10m per month with less than 70 members in our scheme. In our review, we are hoping to double this stats should in next two to three years,” he said.

“In addition, we strongly advocating value adding of resource based sector as key to a sustaining future growth. Investing in manufacturing, assembly or production line is an area we are lagging behind,” he said.

 

Export

He explained some of the potentials of exports and ways we can tap into the trade of business for our economy.

“Through agro based we need to source our own processed, canned, preserved fruits, vegetables and convenient foods,” Mr Taoi said.

“Our timber is currently exported in raw/sawn, if only we can consider turning this woods mahogany tree to furniture’s would be considered revenue booster.”

He added the council’s approach is not reinvent but to strengthen and promote this export opportunities.

“Such initiatives may require investment in specialize equipment, large factories (Kalabu tax free zone) perhaps government may consider this with equal priority,” Mr Taoi.

“Enticing more private sectors to meaningfully engage and invest is important. The success if scheme would mean employment opportunities and increase in needed export earnings.”

When asked about the council’s expectations on the 2016 Budget, Mr Taoi said the council hopes for the government to create the environment that promotes private sectors to invest and expand their services and products.

“In a very simple success model, the success of private sector means income to government, employment opportunities to our people. This perhaps is should general expectation for any budget,” he said.

Feedback:  stella.moresio@fijisun.com.fj



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