The meeting, presided over by Acting Prime Minister Viliame Gavoka, yielded several cabinet decisions.
Among these was the approval of two Memoranda of Understanding (MOUs) aimed at enhancing Trade Facilitation and Cooperation, as well as advancing the Blue Economy with the People’s Republic of China.
The Trade MOU establishes a Working Group focused on evaluating and promoting trade growth. This group will streamline communication, foster enterprise involvement, support industry associations, and tackle trade challenges to enhance bilateral trade relations while backing the Belt and Road Initiative.
Within the framework of the China-Fiji Trade and Economic Cooperation Commission, the group will work on resolving trade obstacles and will convene regularly.
The Blue Economy MOU aims to strengthen practical collaboration, promote new economic drivers within the blue economy, and support high-quality bilateral investments. Its objective is to facilitate the sustainable development agenda and deepen cooperation in this sector.
This memorandum emphasizes the establishment of a mutually beneficial partnership to accelerate the implementation of the 2030 Agenda, enhance investment collaboration, and promote sustainable development.
Furthermore, it aims to assist businesses in creating maritime economic cooperation zones, exploring investment opportunities, and developing effective investment platforms.