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Koya leads delegation to China

 

Jan 25, 2016 03:58:40 PM

Koya leads delegation to China Minister for Industry, Trade and Tourism Faiyaz Koya is leading a trade and investment delegation to Guangdong, People’s Republic of China to meet with several top business leaders who are interested to invest in Fiji.

During the visit, the Minister opened a Fijian Trade and Investment Seminar, which was attended by over 200 Chinese private sector representatives from Guangzhou City and other cities in Guangdong Province. 

This Seminar was part of the Fiji-Guangdong Economic, Trade and Cultural Investment Cooperation Conference and Project Agreement Signing Ceremony and was treated as a very important event and received prominent coverage on the Guangzhou National Television.

 “This is the first time Fiji is hosting a trade and investment seminar in Guangdong Province and this Seminar is seen as an opportunity to bring to the people of Guangdong information on what Fiji has to offer in terms of investment and trade”, said Minister Koya.

 “The Fijian Trade Commissioner/Counsel General, Ms Yolinda Chan has been able to establish relations with key players in the Guangdong business community and this mission was to also discuss a number of strong and genuine Chinese investments that are currently underway in Fiji and those investors who are interested in venturing into Fiji.”

“During the Seminar three business-to-business Memorandum of Understandings were signed, which included a Cooperation Agreement between the Silkroad Ark Investment and Wyndham Hotel. This Agreement will see a new multi-million dollar hotel project at the Coral Coast. The hotel will be built by Silkroad Art, China and managed by Wyndham Hotels.”

Other arrangements signed were the MOU on Pacific Island Countries-Guangdong Local Well-known Product Exchange and Exhibition Cooperation and the Overseas Photography Base and Strategical Cooperation Framework Agreement.

 “The Guangdong Government has announced an allocation of the RMB2 billion that they will provide to investors who are part of the “One Belt-One Road” Initiative of the Chinese Government and invest in the Pacific.  The Government of China and Government of the Guangdong Province have recognized Fiji position as the hub of the Pacific and through this initiative will look at significant investment in Fiji”, said Minister Koya.

The Fijian delegation also includes the Deputy Governor of the Reserve Bank of Fiji, Mr. Ariff Ali and officials from the Ministry of Industry, Trade and Tourism.

By Reginald Chandar

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