Fiji Business Update Confirms Fiji's Prospects are good
Speakers at the recent Fiji Business Update 2016 were positive about Fiji's economy and business opportunities for Australian Business.
— By AFBC
The recent Fiji Business Update 2016 was a chance for members, guests and some new faces to come together to get some insight on opportunities and business in Fiji. The event took place following the AFBC Annual General Meeting at the Hilton Hotel in Brisbane on Thursday 17th November.
The update bought together some key speakers on the topics of economy, government, business and investment growth areas and the message from the day was clear: Fiji is open for business.
His Excellency Mr Yogesh Punja, High Commissioner of Fiji to Australia spoke first on harnessing potential to meet Australia's demand. My Punja spoke of Fiji's resilience and key focus areas, despite a tough year for Fiji with Tropical Cyclone Winston devastating its shores, there was much to be positive about including the Rio Olympics rugby sevens win, which put Fiji on the map and has had a very positive impact on their reputation around the world. There is a government focus on conservation and sustainability of oceans, seas and marine resources, Fiji's active participation in the UN with the appointment of Fiji's Peter Thomson as President of the General Assembly of the United Nations. Fiji was also the first country in the world to ratify the Paris agreement, climate change is an important area of focus for Fiji and other Pacific nations. Mr Punja also highlighted other sectors that provide Australian businesses with growth opportunities including Light Manufacturing and High Value FMCG Goods, Agriculture, Aquaculture and Labour Mobility.
Mr Zarak Khan, Fiji Consul-General in New South Wales and Trade Commissioner followed Mr Yogesh Punja. Greg Pawson, General Manager, Westpac Pacific and President of the Fiji Australia Business Council spoke about Fiji's economic prospects which are looking good, especially when compared to global markets.
Mr Godo Mueller-Tuet, Chief Executive Officer of Investment Fiji then gave a comprehensive overview of current sectors and investment opportunities in Fiji covering trade, tourism, ICT, BPO and agriculture. His presentation provided some interesting figures on each of these sectors and can be accessed here.
- TOURISM: 'Fiji has a range of natural endowments, a well-developed hospitality industry, friendly service and a rich cultural heritage that creates a positive base for tourism growth.'
- ICT and BPO: 'Fiji is well positioned to attract ICT investments, starting from the lower end and moving up the value chain. Fiji has managed to secure its position in attracting renowned ICT investors to locate their back offices offshore.'
- AGRICULTURE: 'Fiji’s rich resource base and tropical climate are instrumental in producing a wide variety of tropical fruits and vegetables catering to the fast expanding export and tourism sectors.'
The day closed with an interesting business perspective from Mr Mike Towler, Managing Director, PFD Fiji Limited (Fiji Australia Business Council Executive Committee member) who has lived and worked in Fiji for many years.
The Fiji Business Update 2016 was attended by 34 people and provided a great opportunity for getting up to date on business in Fiji as well as networking with members of the AFBC and other businesses with interests in the region. If you would like stay informed of future events the AFBC is running, please sign up to our quarterly updates via the footer on this page.
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