The Ministry of Trade in Fiji has unveiled a detailed strategy aimed at empowering and engaging the Fijian diaspora living abroad, with special emphasis on improving savings and investment opportunities. Minister Manoa Kamikamica expressed that the response to the USA-Fiji Investments and Savings initiative was overwhelmingly positive, prompting the ministry to develop an expanded engagement plan for Fijians overseas.
Kamikamica highlighted the significant impact that diaspora investments and savings have on Fiji’s GDP, stressing that funds raised through such initiatives support local businesses, create job opportunities, and drive infrastructure development. He noted that encouraging investments in sectors such as land and housing promotes long-term economic involvement, which is crucial for Fiji’s future stability.
Furthermore, the minister mentioned that engagement with the diaspora fosters a sense of loyalty and belonging, potentially leading to more Fijians returning home, retiring, or starting businesses in Fiji. Beyond financial contributions, he emphasized that the diaspora brings valuable knowledge, skills, and networks that could significantly contribute to innovation and development within the country.
To maintain momentum, the ministry plans to establish the USA-Fiji Investment and Savings drive as an annual event, coinciding with the Fiji Day celebrations to maximize participation. Kamikamica also indicated that this drive could be extended to other countries, thereby broadening the scope for attracting investment.
Identifying and addressing barriers to investment opportunities will also be a priority, supported by strategic partnerships, including collaboration with the HFC bank. The aim is to create an inclusive environment that allows every Fijian, wherever they may be residing, to contribute to the nation’s growth without facing undue obstacles.
As part of these efforts, a new policy targeting the diaspora is currently being designed and will be presented for cabinet approval. This policy is anticipated to enhance investment avenues, promote wealth creation, and improve the overall well-being of Fijians.
Summary: The Fijian Ministry of Trade has initiated a strategy to engage its diaspora, focusing on investment and savings to bolster Fiji’s economy. The positive reception of a recent USA-Fiji investment drive has led to plans for this to become an annual event, with the aim of encouraging Fijians abroad to invest in their homeland. The minister underlined the importance of diaspora contributions not just in finances but also through skills and networks, paving the way for future prosperity for Fiji.
This initiative presents a great opportunity for both Fijians living abroad and their home country, showcasing a proactive approach towards harnessing global ties to bolster local economic development.
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