The Ministry of Trade has unveiled a detailed strategy aimed at empowering the Fijian diaspora abroad, emphasizing the enhancement of savings and investment opportunities. Minister Manoa Kamikamica reported a positive response from the diaspora during the USA-Fiji Investments and Savings initiative, leading to the development of a more robust engagement plan for Fijians overseas.
Kamikamica highlighted that investments and savings from the diaspora significantly contribute to Fiji’s GDP, playing a crucial role in supporting local businesses, generating employment, and facilitating infrastructure development. He noted that encouraging investments in vital sectors such as land and housing is essential for fostering long-term economic participation, which is key to ensuring a prosperous future for the nation.
Moreover, he expressed that reconnecting with the diaspora strengthens their ties to Fiji, inspiring them to return, retire, or establish businesses back home. Beyond their financial contributions, the knowledge, skills, and networks held by Fijians abroad can be pivotal in driving innovation and development within the country.
The ministry intends to institutionalize the USA-Fiji Investment and Savings initiative as an annual event, potentially coinciding with Fiji Day celebrations to encourage greater participation. Plans to expand this initiative to other regions around the globe are also underway.
Kamikamica emphasized the importance of identifying and dismantling barriers to investment, highlighting their commitment to innovative partnerships, such as one with the HFC bank, to create a conducive environment for Fijians living overseas to contribute to the nation’s growth without facing unnecessary challenges.
Looking ahead, the minister aims to present a policy focused on the diaspora to the cabinet, which is designed to attract further investment and foster wealth creation, ultimately enhancing the quality of life for all Fijians.
This strategic engagement is a hopeful step towards uniting financial resources and expertise from the diaspora to boost Fiji’s economy, ensuring that every Fijian, no matter their location, can be a part of their homeland’s success story.
In summary, the Ministry of Trade’s new strategy aims to enhance engagement with the Fijian diaspora, promoting investment opportunities and fostering a strong sense of community and contribution to Fiji’s economic future.
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