Wednesday, April 24, 2024
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Fiji is committed to formulating robust policies: DPM

Deputy Prime Minister and Minister for Trade, Manoa Kamikamica says Fiji remains steadfast in its commitment to formulating robust policies and strategies to navigate the complexities of global trade.

Speaking at the Fiji Fourth Trade Policy Review at the World Trade Organisation in Geneva, Switzerland, Kamikamica stated that Fiji’s economy grew  by 18.6 per cent last year and a further eight per cent growth is projected this year.

He said the country is expected to continue on the growth path with 3.8 per cent projected for 2024.

Kamikamica said this is despite the global challenges of dampened growth in our major trading partners and continuing crisis plaguing the world economy.

He said Fiji is pressed on in international trade and the escalating impact of non-tariff barriers is being faced by Fijian traders.

“These barriers impede the smooth flow of goods and services, disproportionately affecting the livelihoods of our communities engaged in trade. Addressing these issues is crucial for Fiji, to ensure fair and equitable participation in the global marketplace.”

Kamikamica said as part of our economic diversification agenda, we are supporting industries that have proven to be resilient during the COVID-19 crisis.

He said apart from Tourism, there is intense focus by the Fiji Government on Renewable energy, green and blue solutions such as recycling, Commercial Agriculture and aquaculture with strategic local or foreign investors, Manufacturing especially in renewable spaces and niche products, the fast-growing BPO sector, Education and ICT/Data Warehousing opportunities.

Kamikamica also highlighted that Fiji is engaging in constructive dialogue and collaboration with our trade and economic partners to seek mutually beneficial solutions that facilitate smooth trade and investments flows, promote job creation and sustainable development.

Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com

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