Fiji and New Zealand Set Sights on $2 Billion Trade Goal by 2030

Members of the Fiji New Zealand Business Council (FNZBC) have presented their comprehensive plan to reach a trade goal of $2 billion with New Zealand by 2030 to officials from both governments at the Novotel in Lami. This ambitious target was first discussed during a state visit by the Prime Ministers of both nations last year, emphasizing the commitment to strengthening bilateral relations.

Trade Minister Manoa Kamikamica received the proposal and spoke about the importance of collaboration in realizing a shared economic vision. He highlighted the roadmap as a crucial step to achieving a modern, resilient, and inclusive economy, underpinning the intent to rebalance trade between Fiji and New Zealand.

New Zealand’s Minister for Women and Associate Minister for Trade, Nicola Grigg, acknowledged the FNZBC’s contribution to enhancing the business relationship, noting that the current trade figure stands at approximately $1.4 billion, with a target of generating an additional $600 million within the next five years. Grigg conveyed confidence in this endeavor, calling for innovative ideas and determination from businesses in both countries to meet this significant target.

FNZBC President James Trusler emphasized that the roadmap includes vital recommendations from the council’s members, aimed at facilitating the achievement of the trade goal. He expressed gratitude towards the collaboration between government and private sectors, which is essential to reach this ambitious milestone.

This initiative aligns with previous discussions that underline the need for addressing barriers to trade, including logistical challenges and outdated tax regulations that could hinder business operations in Fiji. However, despite these obstacles, there is a palpable spirit of optimism, as seen in various sectors like agriculture and renewable energy where collaborations are already unfolding.

Both Fiji and New Zealand are committed to nurturing and expanding this economic relationship. The focus on innovative solutions, strategic investment, and renewed trade frameworks suggests a positive and prosperous future for both nations as they strive towards their shared vision of a robust trade partnership.