Fiji aims to secure 20 qualified investment and trade opportunities with a projected combined value of at least $100million (US$50 million) by engaging with key stakeholders in Papua New Guinea (PNG).
A delegation of government officials, business leaders and private sector representatives led by deputy Prime Minister and Trade Minister Manoa Kamikamica will be in PNG later this month on a trade and investment mission.
The four-day mission will focus on key sectors such as agriculture, tourism, ICT, and manufacturing sectors.
Investment Fiji chief executive officer Kamal Chetty said the mission aimed to generate positive coverage of Fiji in PNG by showcasing Fiji’s investment climate, business opportunities and tourism offerings.
“We recognise the vast opportunities that exist in PNG, and we are committed to exploring ways to enhance our cooperation and trade relations,” Chetty said.
Kamikamica said the mission was a pivotal opportunity to tap into the dynamic PNG market.
“With recent developments, including the opening of Fiji’s high commission in PNG and the revival of the Fiji-PNG Business Council, we are more committed than ever to strengthening our relationship with PNG,” the DPM said.
The trade mission is facilitated by Investment Fiji and the Ministry of Trade, Co-operatives and MSMEs, in partnership with Investment Promotion Agency PNG and the Fiji High Commission in Port Moresby.
Chetty said they would also focus on developing a roadmap for the potential dual listing of selected companies on the Fiji South Pacific Stock Exchange and the PNG Stock Exchange.
He said the delegation also aimed to establish a platform for ongoing bilateral cooperation initiatives, including regular business forums and information sharing.
The delegation will be accompanied by representatives from Investment Fiji, Ministry of Lands and Mineral Resources, iTaukei Land Trust Board (TLTB), BSP Life, Biosecurity Authority of Fiji, and private sector companies including All Freight Logistics, Ashabhai & Co Pte Ltd, EnviroTech Solutions Pacific (ESP), Footwear Industries Pte Ltd, Paradise Technologies and Ranviz Fresh Farm Produce.
