Fiji is gearing up to secure 20 qualified investment and trade opportunities with a projected total value of at least $100 million by engaging key stakeholders in Papua New Guinea (PNG). A delegation, led by Deputy Prime Minister and Trade Minister Manoa Kamikamica, will embark on a trade and investment mission later this month, scheduled for four days, focusing on critical sectors such as agriculture, tourism, information communication technology (ICT), and manufacturing.
Investment Fiji’s chief executive officer, Kamal Chetty, stressed that the mission aims to enhance Fiji’s profile in PNG by highlighting the country’s favorable investment climate, business prospects, and tourism attractions. “We recognize the vast opportunities that exist in PNG, and we are committed to exploring ways to enhance our cooperation and trade relations,” remarked Chetty.
The Deputy Prime Minister described this mission as a pivotal opportunity to tap into the dynamic PNG market, especially in light of recent developments including the establishment of Fiji’s high commission in PNG and the revitalization of the Fiji-PNG Business Council. “We are more committed than ever to strengthening our relationship with PNG,” he stated.
The trade mission is supported by various entities, including Investment Fiji and the Ministry of Trade, Co-operatives and MSMEs, along with the Investment Promotion Agency PNG and the Fiji High Commission in Port Moresby. The delegation will comprise government officials, business leaders, and representatives from the private sector, including notable companies such as All Freight Logistics, Ashabhai & Co Pte Ltd, and Paradise Technologies.
In addition to scouting for investment opportunities, the delegation intends to establish a roadmap for the potential dual listing of selected companies on both the Fiji South Pacific Stock Exchange and the PNG Stock Exchange. The focus will also include creating a platform for ongoing bilateral cooperation, featuring regular business forums and information-sharing initiatives.
This mission highlights a positive trajectory for Fiji’s economic engagement with PNG, reflecting both nations’ commitment to mutually beneficial relationships. As both countries work to strengthen their ties, this initiative is expected to pave the way for prosperous economic collaboration.
Hopeful perspectives indicate that by capitalizing on these opportunities, Fiji may enhance its regional influence and foster growth in key sectors essential for its economic resilience.
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