New Zealand businesses have demonstrated a strong commitment to investing in Fiji, pledging around $20 million last year according to Investment Fiji. Kamal Chetty, the chief executive officer of Investment Fiji, reported that the investment came from 16 companies from New Zealand across various sectors.
Chetty emphasized the significance of New Zealand as a key market for Fiji in terms of both trade and investment. He noted that the identified investment leads indicate potential growth, with approximately 40 additional investment opportunities from New Zealand entities being explored across various sectors including services, manufacturing, tourism, and information technology.
In efforts to enhance bilateral trade, Investment Fiji was actively involved in the New Zealand-Fiji Business Council’s business mission, which aims to facilitate business connections between the two nations. Chetty shared that by fostering collaborations between New Zealand and Fijian enterprises, they hope to achieve mutual economic benefits.
The ongoing drive towards strengthening the economic ties between Fiji and New Zealand reflects a broader ambition, with previous commitments indicating an aspiration to enhance bilateral trade to $2 billion by 2030. This goal underscores the optimism surrounding future growth opportunities, especially within sectors like agritech and tourism, which are highlighted for their potential contribution to both economies.
Shared initiatives between Fiji and New Zealand position both countries to not only enhance their economic landscape but also to build a sustainable and vibrant partnership that benefits local communities, showcasing a positive outlook for the future of their trade relations.
Leave a comment