Fiji’s investment law under review
May 11, 2019 1:07 pm
Our investment laws are under review to enable Fiji to better respond to the needs of a modern investment climate.
Industry and Trade Minister Premila Kumar, while speaking on the objectives of the review at the Fiji-US Business Council AGM in Suva, said the government has engaged the International Finance Corporation and the World Bank Group for this.
Kumar says while Fiji’s investor confidence remains high, the government is still going an extra mile to review the investment policy law.
“We would like to adopt the best global practices and put this legislation in such a way that it serves the purpose.”
Kumar says emphasis is also given to other infrastructure that is crucial to luring investors.
“The four lane road that we are talking about in the Western Division – that will roll out very quickly. Work will also start on a number of jetties. Work will also begin on the new Nausori Airport. It is all earmarked.”
Fiji is also implementing the World Trade Organisations Trade Facilitation Agreement, which eliminates delays for exporting and importing goods.