Investment Fiji, the government’s trade and investment promotion agency, currently manages a portfolio of 184 projects valued at $6.2 billion, an increase from last year’s $4.25 billion.
Deputy Prime Minister and Minister for Trade, Co-operatives, SME, and Communications Manoa Kamikamica shared this information in parliament while discussing the 2024-2025 National Budget on Monday.
“International trade is the lifeblood of Fiji’s economy,” Kamikamica stated, adding that the ministry has been working on securing better trade conditions for Fiji, which stands as the only Pacific Island in the 14-member Indo-Pacific Economic Framework (IPEF).
He highlighted that despite limited resources, Fiji has successfully negotiated trade deals expected to significantly benefit the country.
“At the World Trade Organization’s 13th Ministerial Conference in Abu Dhabi, I emphasized the Fisheries Subsidies Agreement, crucial for maintaining the sustainability of Fiji’s fish stocks and promoting a responsible fisheries sector,” he said.
Kamikamica also pointed out that a major component of attracting substantial investments involves the ease of doing business project. This project features a digital ‘BusinessNOW Fiji’ portal, designed as a virtual one-stop platform for investors.
“Investors will now have a single platform that integrates 16 government agencies and will offer 25 e-services by August 2025. From starting a business to obtaining construction permits, the opportunities are endless,” he noted.
The government plans to launch this ‘revolutionary’ platform in the coming weeks.