The Fiji-New Zealand Business Council has set a target of reaching $2 billion in trade investment between New Zealand and Fiji by the year 2030. James Trusler, the president of the council, expressed his confidence in achieving this goal, citing positive growth in trade statistics since the target was established last year. During a joint trade meeting that took place in Nadi, attended by Prime Ministers Sitiveni Rabuka of Fiji and Christopher Luxon of New Zealand, the ambitious target was publicly agreed upon.
Trusler noted that robust growth was evident from the closing statistics of the previous year, and he highlighted the council’s focus on exploring new markets alongside strengthening traditional ones. Notably, the tourism sector is anticipated to grow significantly, as well as opportunities within the aquaculture industry where smaller cooperatives are beginning to emerge.
The council aims to expand its membership further, currently standing at over 160 with a target of reaching 200 members within two months. As the largest business council in Fiji, they are committed to staying active and beneficial to their members.
Recent data from similar articles indicates that trade relations between Fiji and New Zealand are already strong, reaching NZD 1.38 billion (approximately FJD 1.89 billion) as of September 2023. Exports from New Zealand to Fiji were valued at NZD 841.92 million, while Fiji’s exports to New Zealand amounted to NZD 533.39 million. This growth reflects a commitment from both nations to bolster their economic ties through shared initiatives and strategic planning.
The tourism industry remains vital, with Fiji welcoming 70,794 tourists in January 2024, including a significant number from New Zealand. This cultural exchange supports the thriving economic partnership between the two countries.
With strategic goals firmly in place, there is an optimistic outlook for the economic relationship between Fiji and New Zealand, suggesting that continued collaboration will lead to further opportunities for growth and diversification of industries.
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