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BUSINESS NEWS
November 16, 2012 12:00:00 AM
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Fijian businesses should look beyond their traditional trading partners and exploit what other nations like Korea can competitively offer, says the Korean Ambassador to Fiji, His Excellency Hae-wook Cheong.

He made the comment while opening the 2nd Fiji-Korea Business Forum and Catalogue Exhibition at the Holiday Inn in Suva yesterday.

Cheong said exposing the Fijian market to more competition will lower prices, boost sales, and increase consumer’s welfare.

“I sincerely encourage Korean business people to become an early mover to take advantage of Fiji as a gateway to a growing market in the Pacific."

"For Korea, our traditional partners have always been China, Japan, USA, EU and ASEAN countries."

"Korea can competitively offer general merchandise items, machinery and IT products to the Fijian market."

 Ambassador Cheong added that the 2nd Fiji-Korea business forum shall serve as a platform to identify areas of prospective mutual interests in trade and investment and to work out future orientation of bilateral economic relations.

The forum and exhibition comprised of discussions surrounding Trade and Investment opportunities between Fiji and Korea, exploring potential areas of business in both countries, overview and outlook of resources and energy in Fiji.

By Indrani Krishna

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