Fiji is making strategic efforts to secure 20 investment and trade opportunities totaling 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 travel to PNG later this month for a four-day trade and investment mission focusing on essential sectors such as agriculture, tourism, information communication technology (ICT), and manufacturing.
Kamal Chetty, the CEO of Investment Fiji, emphasized that the mission aims to enhance Fiji’s visibility in PNG by showcasing its investment climate, business opportunities, and tourism offerings. Chetty expressed confidence in the potential for considerable collaboration between the two nations. “We recognize the vast opportunities that exist in PNG, and we are committed to exploring ways to enhance our cooperation and trade relations,” he noted.
Kamikamica referred to the mission as a crucial opportunity to access the burgeoning PNG market, especially given 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 mission is organized by Investment Fiji and the Ministry of Trade, Co-operatives and MSMEs, in partnership with the Investment Promotion Agency PNG and the Fiji High Commission in Port Moresby. The delegation will include representatives from various sectors, including the Ministry of Lands and Mineral Resources, the iTaukei Land Trust Board, and several private sector companies.
In addition to scouting for investment opportunities, the delegation aims to create a roadmap for potentially dual-listing selected companies on both the Fiji South Pacific Stock Exchange and the PNG Stock Exchange. Chetty mentioned that the mission would also work on ongoing bilateral cooperation initiatives, including regular business forums and robust information sharing.
The focus on these vital sectors is poised to enhance Fiji’s regional influence while fostering economic resilience. The mission represents a hopeful step in strengthening Fiji’s economic ties with PNG, paving the way for mutual growth and sustainable development in the Pacific region. This proactive approach signifies both nations’ commitment to building a cooperative economic future that benefits them collectively.
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