SUNBIZ

Trade Value Increased To $841.5m

The relationship between Fiji and China has elevated into a new phase, resulting to a flourished trade value. Since 2011, the trade value had increased from $369.7 million to $841.5
27 Dec 2017 10:53
Trade Value Increased To $841.5m
Ministry for Industry, Trade and Tourism permanent secretary Shaheen Ali (third from right) with guests at the South Pacific Island Nations Culture Event in Shanghai.

The relationship between Fiji and China has elevated into a new phase, resulting to a flourished trade value.

Since 2011, the trade value had increased from $369.7 million to $841.5 million in 2016.

This was shared yesterday by the Ministry of Industry, Trade and Tourism permanent secretary Shaheen Ali at the opening ceremony of the week-long South Pacific Island Nations Culture Event in Shanghai.

He added that a total of 464 Chinese investment projects were registered from 2010 to 2016.

This is worth approximately $2.3 billion.

A total of 49 083 Chinese tourists arrivals was recorded last year compared to 26 395 in 2012.

Mr Ali said the Ministry is expecting to surpass these numbers this year.

“These numbers are small relative to the Chinese economy but for a small island nation like Fiji, those are significant indicators.

“Looking ahead in 2018, we are already planning many exciting trade, investment and tourism promotion and marketing events in China, including our participation in the inaugural China International Import Expo to be held in Shanghai in November next year,” he said.

The Ministry, in collaboration with our country’s Consulate General/ Trade Commission in Shanghai will redouble their efforts to bring in more Fijian made products and services to the Chinese market.

Mr Ali said the Ministry also plans to increase the people-to-people connectivity, through culture, sports and training, which is an essential element of the ‘Belt and Road’ initiative.

“Fiji affirms the view that the Belt and Road initiative provides a platform to promote inclusive development and encourage the building of fair, reasonable and transparent global trade and investment rules.

“This is the new model of connecting countries and people along the silkroad and maritime routes – is the new age of international cooperation,” he added.

This year, the Fijian consulate general/ trade commission in Shanghai had facilitated and co-sponsored a series of events such as the Pacific Island Nations Cultural Event.

Feedback:  monica.aguilar@fijisun.com.fj

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