Fiji is taking proactive measures to unlock a wealth of investment and trade possibilities by targeting 20 key opportunities worth over $100 million, with a significant focus on Papua New Guinea (PNG). A delegation headed by Deputy Prime Minister and Trade Minister Manoa Kamikamica is set to embark on a four-day trade and investment mission to PNG later this month, emphasizing vital sectors including agriculture, tourism, information communication technology (ICT), and manufacturing.
Kamal Chetty, CEO of Investment Fiji, underscored the mission’s objective to elevate Fiji’s profile in PNG, highlighting its investment environment, business prospects, and tourism potential. He expressed optimism about the considerable opportunities for collaboration between the two countries. “We recognize the vast opportunities that exist in PNG, and we are committed to exploring ways to enhance our cooperation and trade relations,” Chetty remarked.
Kamikamica described the mission as an essential opportunity to tap into PNG’s growing market, especially following recent milestones like the inauguration 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.
The initiative, orchestrated by Investment Fiji and the Ministry of Trade, Co-operatives and MSMEs in collaboration with the Investment Promotion Agency PNG and the Fiji High Commission in Port Moresby, will include representatives from diverse sectors such as the Ministry of Lands and Mineral Resources, the iTaukei Land Trust Board, and members from the private sector.
The delegation aims not only to identify investment opportunities but also to develop a strategy for potentially dual-listing selected companies on both the Fiji South Pacific Stock Exchange and the PNG Stock Exchange. Chetty added that the mission would also focus on ongoing bilateral collaboration initiatives, including regular business forums and effective information exchange.
This mission is positioned to amplify Fiji’s regional influence and foster economic stability. It marks a promising advancement in strengthening the economic bonds between Fiji and PNG, setting the stage for mutual growth and sustainable development in the Pacific. This effort reflects a joint commitment by both nations to cultivate a cooperative economic future that is beneficial for all involved, heralding a hopeful outlook for collaboration in the region.
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