Government of the Republic of Fiji
Ministry of Foreign Affairs
A Better Fiji through Excellence in Foreign Service
11th October 2012: Fiji has a lot to learn from Korea’s export driven economy centered on manufacturing and industry which provide limitless opportunities for investment and technology transfer for Fiji and its private sector.
These were the comments shared by Minister for Youth and Sports Commander Viliame Naupoto as he opened the first ever Fiji/Korea Investment Seminar 2012.
In opening the seminar, Minister Naupoto acknowledged the presence of investors saying it would ensure the deepening of Fiji’s trade and investment relations with Korea. He added that Government is committed to ensuring that transparency, stability and integrity remains the foundations of Fiji’s economic development.
“Over the past several decades, the Republic of Korea (ROK) has achieved a high level of economic growth, which has allowed the country to rise from the rubble of the Korean War into the ranks of the Organization for Cooperation and Development (OECD).”
“Today, the Republic of Korea is amongst the strongest and largest economies of the world. It has proven itself with such impressive economic and commercial developments and supportive infrastructure; something we admire immensely and wish to emulate,” he added.
Minister Naupoto said Fiji’s geographical location in the Pacific coupled with modern infrastructure, telecommunications and financial services makes Fiji a natural hub for investment. Furthermore, that Fiji had had the ability to offer many niche export products that are not available elsewhere in the world.
The seminar which was hosted and organized by the Fiji Mission in Seoul attracted more than 50 representatives from over 20 companies.
Senior Government officials that presented at the seminar comprised the Governor of the Reserve Bank Barry Whiteside, Permanent Secretary for Finance Filimone Waqabaca, Deputy Secretary for Works, Transport and Public Utilities Malakai Tadulala, Chief Executive Officer Investment Fiji Ravuni Uluilakeba and Tourism Fiji Korean Officer Daisy Park.
This morning, Commander Naupoto visited two renewable energy companies who have already established projects in Fiji.
(Captions: Participants at the Fiji Korea Investment Seminar; Minister Naupoto with H.E Ambassador ROK Filimone Kau)
Ministry of Foreign Affairs P. O. Box 2220 Government Buildings Suva, Fiji