Government to look into new market sources and trading partners
December 21, 2018 7:29 am
In an effort to ensure the Fijian economy continues its strong performance, to face external challenges – Government will look into new market sources and trading partners.
Responding to a review carried out by the International Monetary Fund, Attorney General Aiyaz Sayed-Khaiyum says they’re looking at a number of opportunities.
“Well obviously we’ve divesting our shares in EFL, however government will still retain fifty-one percent. The trick is to select and get good investors in EFL. So there’s a number of opportunities and some government entities and related entities are also looking at itself not just within Fiji but outside Fiji.”
However, Sayed-Khaiyum says Fiji needs to constantly remodel its policies to face modern day challenges.
“For example the world’s sugar prices are going to fall this year so our challenge of course is to get the right prices. But the good thing about it is of course that government has put in place together with FSC a stabilization fund. So irrespective of the change in sugar prices, they will still get the promised stabilized price that we have said to them. It means assurance for the farmers.”
He says that Fiji’s economy has been doing well and this has been validated by the IMF.