NEWS

PM Gives Reasons Why Investors Should Establish Business In Fiji

  Despite the impact of Tropical Cyclone Winston, the Fijian economy is still on track to grow by up to three per cent this year, says Prime Minister Voreqe Bainimarama.
18 Oct 2016 11:00
PM Gives Reasons Why Investors  Should Establish Business In Fiji
Minister for Industry, Trade, Tourism, Lands and Mineral Resources Faiyaz Koya (second from left), and Prime Minister Voreqe Bainimarama (fourth from left), with the Australia-Fiji Business Council members in Sydney yesterday. Photo: DEPTFO News

 

Despite the impact of Tropical Cyclone Winston, the Fijian economy is still on track to grow by up to three per cent this year, says Prime Minister Voreqe Bainimarama.

He made the statement yesterday while addressing the Australia-Fiji Business Council in Sydney.

“Our economic prospects in Fiji have had unprecedented buoyancy. I am sure that many of you know by now that we are enjoying the seventh consecutive year of growth – the longest in Fijian history.”

He outlined reasons why investors should consider doing business in Fiji.

“There are a number of reasons for this – but first and foremost is our sound management of the economy and the implementation of effective and forward-looking policies which have been recognised by global financial institutions such as the World Bank, the IMF and the Asian Development Bank.

“Coupled with the political and social stability that my Government has forged in Fiji over the past decade and that has been sorely lacking in previous eras in Fiji.

“We are also open for business, with a range of investment incentives and some of the lowest corporate and personal tax rates in the region.

“We are eager to explain all of this to those of you who have any questions at all about the investment climate. And, of course, there are a unique set of circumstances about Fiji that make us such an attractive investment option for Australian companies and those of other nations.

“These include our position at the hub of the Pacific, with easy access to other regional markets; our educated, English-speaking workforce; our investment in new infrastructure such as new roads and airports and dramatically more efficient ports; our general connectivity that includes world class telecommunications; plus a Government that is pro-business and regards the private sector as a vital partner in development, couple with our zero tolerance for corruption and is committed to adhering to international standards and best practices.

“All these things make Fiji a compelling investment destination. I want to thank all of you who are already doing business with Fiji for your continuing support.”

Edited by Ranoba Baoa

Feedback:  nemani.delaibatiki@fijisun.com.fj

 



Laybuy it 5squares


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Covid 19 - SPC
Total
Subscribe-to-Newspaper
Fiji Sun Instagram
Subscribe-to-Newspaper