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Minister Koya Applauds Chinese Community For Contribution To Fiji

Fiji’s Chinese community has enriched Fiji’s culture and helped develop our economy says Minister for Industry, Trade, Tourism Faiyaz Koya. “Through their resourcefulness and diligence, our Chinese community in Fiji
30 Jan 2017 11:00
Minister Koya Applauds Chinese Community For Contribution To Fiji
Minister for Industry,Trade and Tourism Faiyaz Koya(left) with Chinese Ambassador to Fiji Zhang Ping(right) during the celebration of the Lunar New Year of the Rooster yesterday. Photo: Vilimoni Vaganalau

Fiji’s Chinese community has enriched Fiji’s culture and helped develop our economy says Minister for Industry, Trade, Tourism Faiyaz Koya.

“Through their resourcefulness and diligence, our Chinese community in Fiji has produced a succession of leaders in business, medicine, education, and a wide range of other sectors,” Mr Koya said.

“They have played a substantial role in enhancing Fiji’s international standing and contributing to our national life.”

Mr Koya made the remarks during the Chinese New Celebrations at the Southern Cross Hotel in Suva, yesterday.

“As Fijians, our cultural diversity is an important source of our strength,” the minister said.

“And our Chinese-Fijian community has made an important contribution to the strength of our diversity ever since the first Chinese immigrants arrived in Fiji 160 years ago.”

Chinese Ambassador to Fiji Zhang Ping said: “Fiji and China has very good bilateral relations.”

Mr Zhang said the Chinese community looked forward to deepening the strategic partnership with Fiji.

 

Substantial investments

Mr Koya said Fiji will continue to welcome substantial investments from China as China was the number one source of foreign direct investments.

“In 2015, 41 per cent of total investment projects registered in Fiji were Chinese projects, while in the first six months of 2016, figures reveal that 45 per cent of projects registered with Investment Fiji were from China,” he said.

“In terms of absolute figures, in 2015, projects worth F $191 million was registered in Fiji of which projects worth F $64 million got implemented.

“While the number of Chinese investment has been increasing in Fiji, Chinese implemented project represented 18 per cent of the total value of all the projects implemented in Fiji in 2015.”

 

Fiji and China trade and investments

Mr Koya said : “The Fiji-China trade and investments relations has grown from strength to strength and will continue to build up on the solid foundation of a growing political, economic, cultural and people to people relations.”

“Total investments in Fiji has been on an upward trajectory and continues to contribute 25 per cent and above towards the Fijian GDP.

“It is even more promising to note that private investments are increasingly becoming the key contributor to total investments.

“In 2015, private investments comprised 20 per cent of the GDP or 80 per cent of total investments respectively.”

Mr Koya said with the widespread incentives and initiatives that the Fijian Government had in place, a large portion of foreign investments had been in the tourism and hospitality sector.

 

Increase in Chinese visitors in Fiji

M Koya also highlighted there was an increase in number of visitors coming to Fiji from China.

“Over the past seven years, there has been a tenfold increase -from 4,087 in 2009 to 40,174 visitors in 2015.”

China is Fiji’s biggest source of Foreign Direct Investment

The Minister also said China was the biggest source of Foreign Direct Investment currently in Fiji.

He urged the Chinese community to seize the opportunity and join the many investors who had previously profited.

Mr Koya said with the launch of the online single window clearance system for foreign investors was available.

“Investment Fiji, in its presentation later today will provide you with hands-on information on how this revolutionary system operates,” he said.

“Not only this, but the Government’s premier investment promotion and facilitation arm Investment Fiji, stands ready to provide you advice and guidance on the processes of setting up your business or project.”

Edited By: Kathrin Krishna

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