The Fijian Government will continue to formulate policies that are investor friendly and ensures sustainable growth for the Fijian economy, says the Minister for Industry, Trade and Tourism Hon. Faiyaz Koya.
Minister Koya said that this would mean a secure and long term growth for the economy while at the same time ensuring that investors are able to grow their businesses in Fiji and the region.
“Our vision is to make Fiji the financial hub of the Pacific, but we cannot be a financial hub unless the proper and prudent financial regulatory environment is in place,” Minister Koya said.
“This is especially important to attract investments and being the financial hub would further boost and promote Fiji as a financial market for growth.
“This growth in the financial sector is attributed to the confidence of Fijians and foreign investors in the Fijian Government and our sound and stable policies and is an indication of Fijians acquiring sustainable livelihoods. It gives insight that Fiji is on the march.”
Work towards this has already began following the launching of the Fijian Trade Policy Framework, which provides the foundation for the growth of trade and investment in Fiji.
“The Framework lays out a comprehensive course of action to take our economy to an even higher growth trajectory by boosting our trade performance and create investment – both domestic and foreign,” Minister Koya said.
“An Online Single Window Clearance System has also been launched which has made the registration and first line of approvals and fee payments for investors a lot simpler.”
Apart from this, Government is also empowering all Fijians through the Fijian Government’s initiative of Micro and Small Business Grants that is benefitting over 2, 000 small and micro entrepreneurs in Suva, Navua, Sigatoka, Savusavu and Taveuni.
“This grant is a means of providing them a little boost to further enhance their ability to earn a livelihood. It is also preparing Fijians to join the formal sector in the future,” Minister Koya added.