Business

China has become Fiji’s most rapidly growing market

May 21, 2019 7:18 am

Trade and investment has always been an important factor in the bilateral relationship between Fiji and China.

Speaking at the China (Guangzhou) – Fiji Business Seminar in Suva last night, Trade Minister Premila Kumar says that China has become Fiji’s most rapidly growing market.

Kumar adds trade flows between Fiji and China have been flourishing in the recent years and there are significant untapped potentials to explore.

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“Over the past five years, average exports to China totaled $108.6 million whilst imports averaged to $742.7 million. Total two-way trade between, if you look at 2018 – has exceeded $1 billion for the first time. A total of 277 Chinese investment projects were successfully implemented over the last five-years’ worth approximately $2.36 billion.”

The Minister adds that Fiji’s relationship with the Guandong Province needs to applauded, as Fiji continues to benefit from a number of key investments and development assistance.

Kumar says Fiji provides the opportunity to access a market of over 49 million people, as the hub that links to the rest of the Pacific, Australia and New Zealand.