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Pacific Trading Partner Faces Challenges
Fiji, a Pacific island nation, has suffered a number of military coups in recent years that have stunted its crucial tourism industry and the economy more generally. A developing country, Fiji relies heavily on its agriculture, clothing, and fishing industries for employment. Tourism expanded rapidly for two decades and is still a major source of foreign exchange earnings. The government has tried to diversify the economy and make Fiji an easier place to do business, but with little success so far.
Fiji offers opportunities in the growing high tech and telecommunications sectors where the government is offering a variety of incentives. The IT services industry, such as call centers
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Fiji Trade
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Export Credit Eased |
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The Reserve Bank of Fiji has announced changes to its Export Finance Facility, through which the RBF provides funds to commercial banks and the Fiji Development Bank for lending to exporters.
In a statement, the central bank said the interest... |
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Market News from Kontiki Capital - June 8 |
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The KSPX Index this week reached 134.09, up 0.49% on last week, thanks to 3 new risers out of the 4 stocks traded. The market saw 10,017 shares being traded, generating $24,324 in consideration, down 95.76% and 84.11% respectively... |
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Increased exports from Fiji to Canada |
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Imports of Fiji products by Canada increased to CN$8m for the year to October – a growth of 15% compared to 2005. It was largely due to a 51% increase in imports of canned tuna from PAFCO, the largest... |
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Fiji to Benefit from GSP Extension |
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Fiji exports to the US will benefit greatly from the decision of the US congress to extend the generalized system of preferences (GSP) until January 2009.
The GSP program exempts qualified exports from import duties in the US. Four... |
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Cane crushed surpasses 3m tons |
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The Fiji Sugar Corporation this week announced that its mills had crushed over 3.014 million tonnes of cane. The Penang mill had performed the best on record despite the teething problems being encountered in the early part of the... |
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Cooperation in cocoa production |
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Cocoa Bello, an NGO from Sweden, plans to support the revival of the cocoa industry in Tailevu, Fiji, with an emphasis on sustainable development and fair trade. The goal of the project is to increase exports, which have been... |
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New push for mahogany industry |
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Minister of State for National Planning, Pio Tabaiwalu, is pushing to further develop Fiji's mahogany industry and to create added value downstream industries. In a speech before parliament he stated that mahogany could become one of the largest contributors... |
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