Fiji is preparing to explore 20 investment and trade opportunities amounting to an estimated $100 million by collaborating with stakeholders in Papua New Guinea (PNG). A trade delegation, headed by Deputy Prime Minister and Trade Minister Manoa Kamikamica, will embark on a four-day mission later this month. The mission will target vital sectors such as agriculture, tourism, information communication technology (ICT), and manufacturing.
Kamal Chetty, the CEO of Investment Fiji, emphasized the importance of this mission in improving Fiji’s profile in PNG by showcasing the favorable investment climate and tourism offerings of Fiji. He stated, “We recognize the vast opportunities that exist in PNG, and we are committed to exploring ways to enhance our cooperation and trade relations.”
The Deputy Prime Minister characterized this initiative as a crucial opportunity to engage with the burgeoning PNG market, particularly following 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 affirmed.
Supported by various organizations, including Investment Fiji, the Ministry of Trade, Co-operatives and MSMEs, the Investment Promotion Agency PNG, and the Fiji High Commission in Port Moresby, the delegation will feature government officials, business leaders, and representatives from the private sector. Participants will include prominent names such as All Freight Logistics, Ashabhai & Co Pte Ltd, and Paradise Technologies.
The delegation’s agenda includes not only scouting for investment but also establishing a potential roadmap for dual listing selected companies on both the Fiji South Pacific Stock Exchange and the PNG Stock Exchange. Additionally, efforts will be made to create a platform for ongoing bilateral collaboration through regular business forums and sharing initiatives.
This mission signifies a constructive step forward for Fiji’s economic ties with PNG, underscoring both nations’ dedication to fostering mutually beneficial relationships. As Fiji aims to leverage these opportunities, it could enhance its regional influence and drive growth in critical sectors necessary for economic resilience.
The engagement between Fiji and PNG holds optimistic prospects for future collaborations that could lead to sustainable economic development and strengthened partnership in the Pacific region.
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