Review of Investment Policy and Act underway
February 23, 2018 5:17 am
The Industry and Trade Ministry is working with the consultants from the World Bank Group and the International Finance Cooperation to review the Investment Policy and Act.
It aims to attract the right kind of investors and investment to our shores that is suitable to the changing environment.
Minister responsible, Faiyaz Koya says Fiji needs an overarching policy that captures our development aspirations, as stated in the 5-year and 20-year National Development Plan.
“In this regard, the process has commenced with an Investment Reform Map (IRM). This highlights the areas of strength, gaps and weakness in the existing legal and policy framework for foreign investment, and identifies reform action plan.”
Meanwhile, the International Finance Cooperation says the draft policy was prepared after a comprehensive consultation.
The consultants from the WBG and IFC presented key features of the draft Investment Reform Map with an Investment Policy Statement for the proposed investment Law at a workshop in Suva today.