Fiji and China share a strong and enduring relationship that spans nearly five decades, grounded in trust, culture, and trade. This was emphasized by Shaheen Ali, the Permanent Secretary for Trade, Co-operatives, MSMEs, and Communications, during the opening ceremony of the “Trade Exhibition of the People’s Republic of China in Fiji 2024,” held at the Vodafone Arena in Suva.
Ali noted that trade between the two nations has consistently exceeded $700 million annually from 2016 through last year, peaking at an impressive $1.1 billion Fijian dollars last year. While Fiji’s imports from China have historically surpassed its exports, Ali highlighted the significant opportunity for Fijian exports, especially in the vast Chinese market.
Fiji’s key exports to China include mineral water, wood chips, sugar cane, timber, and fish, while imports consist of various products such as electronics, vehicles, paper goods, preserved foods, and construction equipment. The diversity of these exchanged goods illustrates the complementary nature of the trade between the two countries, paving the way for potential growth and collaboration.
Ali pointed to the wide-ranging potential for Fijian products, particularly in areas where there is significant consumer interest in China. Items such as organic tropical fruits and vegetables, cosmetic products, and health items, including virgin coconut oil, ginger, turmeric, and kava, are gaining traction in the Chinese market. Additionally, traditional products like noni and pearls, as well as sea cucumbers, are already established within trade channels.
He also mentioned that Fiji stands to benefit from China’s technological advancements and infrastructure through the import of modern equipment and machinery, suggesting a fruitful exchange that could further enhance Fiji’s economic landscape.
Overall, the solid trading relationship between Fiji and China presents an array of opportunities for both nations, enabling Fiji to diversify its exports and gain access to innovative technologies. The future looks promising for Fiji as it continues to navigate and expand its role in the global marketplace, particularly within the Chinese economy.
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