The Permanent Secretary for Economy Makereta Konrote believes that  the Brexit will have no impact on Fiji.

Brexit is a word coined in relation to Britain’s decision to exit the European Union.

She made this statement after responding to a question raised by Opposition Member of Parliament, Prem Singh.

The issue was brought to light while the Ministry was making submissions on their 2013 Annual Report before the Standing Committee on Economics at Parliament yesterday.

Mr Singh asked: “What do you think of this Brexit thing, how is the Ministry prepared to handle the consequences of that, just for the benefit of this committee?”

Ms Konrote responded “It’s an issue that the Reserve Bank of Fiji was monitoring closely.’’

There is the sugar industry agreement with European Union.  “From the Ministry’s point of view I don’t think it will affect us that much,” she said.

Ms Konrote said one of the key points they highlighted from their 2013 Annual Report was the successful implementation of the 2013 national budget.

She said one of the issues they faced was entities providing their financial statement and an area that they continued to work with the ministries.

“We are trying to accommodate where there is a need because of the nature of work that the Ministry and departments do. We’re trying to accommodate that by including some flexibility,” she said.

Edited by Rusiate Mataika

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