Government of the Republic of Fiji
Ministry of Foreign Affairs
A Better Fiji through Excellence in Foreign Service
14th August 2012: In an effort to boost trade relations between Fiji and Papua New Guinea (PNG), Fiji’s High Commissioner to PNG Mr.Romanu Tikotikoca is moving quickly to revive the PNG-Fiji Business Council. Mr. Tikotikoca has started consolidating support in PNG for the proposed new Business Council. A planned meeting with interested stakeholders is set for the end of August.
Immediately upon taking up his new appointment in Port Moresby, Mr. Tikotikoca started reaching out to prominent business people in PNG that will be key to re-establishing the Business Council. These include Mahesh Patel of the CPL group and Restaurateur, Michael Ah Koy and Mr. Graham Osborne.
The PNG-Fiji Business Council has an important role to play in promoting business and investment relations between Fiji and PNG. In doing so, the Council seeks to promote networking among business that have similar interest for possible joint ventures and identify possible markets for these business both in Fiji and Papua New Guinea.
There are already investments and businesses from PNG already operating in Fiji and vice versa. PNG businesses currently operating in Fiji include, Credit Corporation, Niugini Insurance Company, Andy Finance, Wesram Finance and BSP. Fijian companies operating in PNG include DATEC, Vinod Patel Wholesale and retail hardware registered as Hardware Haus and the City Pharmacy Group of Companies who are currently operating in Port Moresby and other major towns of Papua New Guinea.
Mr.Tikotikoca’s efforts will complement the activities in Fiji of the Fiji-PNG Business Council. The Fiji-PNG Business Council had been inactive for the last eight years since it was formed in 2005. With support from Organizations such as BSP, ANZ, Broadway Mufflers, Credit Corporation, Foods Pacific, FMF, Modern Furniture, Fiji Export Council, Freight Services Fiji, Golden Manufacturers, Goodman Fielder, Carpenters Fiji, Investment Fiji is leading the effort to revive this organization.
A Bilateral Trade Agreement between Fiji and PNG and a Double Taxation Treaty signed in 1998 between the two countries is already facilitating trade. With the revival of the PNG- Fiji Business Council and its counterpart in Fiji the Fiji-PNG Business Council, trade and investment between the two countries is set to grow.
(Photo caption: HC Tikotikoca with Mahesh Patel, Chairman CPLGroup (Center) and MrBhagi Patel, Group PNG OperationsManager (left) after meeting at Fiji House)
Ministry of Foreign Affairs P. O. Box 2220 Government Buildings Suva, Fiji