The setting up of the Indo-Fiji Business Promotion Association, in New Delhi will promote and facilitate trade and investment between the two countries, says Attorney-General Aiyaz Sayed-Khaiyum.

The business Association will allow the Fijian and Indian business communities to communicate directly, share market intelligence and facilitate business and joint ventures.

It will also enable the flow of technology, capital and experts.

"With the new tax agreement, many opportunities have emerged for both Fijian and Indian investors. This association is designed to help potential investors identify these opportunities and take advantage of them, similar to associations in India such as the Indo-China Business Promotion Association," said Sayed-Khaiyum.

He explained that the long standing diplomatic relations between Fiji and India has never translated into real benefits in terms of trade and investment.

"Until now, there was little motivation for the business communities in both Fiji and India to get together and explore new opportunities."

"That's all changed. Now, the Fijian Government is serious about putting in place appropriate measures and support to encourage our business communities to take advantage of the incentives and linkages, including those that have resulted due to our visit to India."

“The foundation set by the two Governments has been elevated by the support of the business community through the formation of this Association.  We look forward to revitalising a sister Association in Fiji based on professionalism and transparency," he added.

By Reginald Chandar