Government of the Republic of Fiji
Ministry of Foreign Affairs
A Better Fiji through Excellence in Foreign Service
The Fiji Embassy in Japan, hosted a Trade and Investment seminar in Tokyo, Japan on Friday evening 12 October 2012, to take advantage of the presence in Tokyo of senior officials from the Reserve Bank and Ministry of Finance of Fiji. The main presenters at the seminar were: Mr Barry Whiteside, Governor of the Reserve Bank of Fiji, Mr Filimoni Waqabaca, Permanent Secretary for Finance, Ambassador Isikeli Mataitoga, and Mr David Kolitagane, Deputy Secretary for Finance. The seminar was a great success, judging from the large number of Japanese business people and senior Japanese Government officials who attended at short notice.
(Ambassador Mataitoga, Mr David Kolitagane, Mr Filimoni Waqabaca and Mr Barry Whiteside at the Seminar)
Leading the presentation was Governor Whiteside, who outlined the core economic growth trends in Fiji since 2006 and discussing the areas of priority focus of the Bainimarama Government. This was followed by Mr Waqabaca who provide seven reasons why Japanese businesses should invest or to start up business in Fiji now. This latter presentation, built on the broad economic data, presented earlier by the Governor, which showed the positive trend in both fiscal and monetary policies management and as a result positive growth are being achieved in the midst of global slowdown.
(Mr Filimoni Waqabaca, Permanent Secretary for Finance addressing the Seminar)
Mr Kolitagane covered the various tax incentives and related government assistance that are available to investors in Fiji by economic sectors and the tax free regions in Fiji. Ambassador Mataitoga facilitated a Q & A sessions which attracted lively exchanges from the participants. Judging from the questions raised from the floor, there is interest for potential investment in Aged Care Villages; renewable energy; education services for Japanese students and agro-processing etc.
(Mr Barry Whiteside, Governor, Reserve Bank of Fiji addressing Fiji seminar)
Fiji Embassy staff in Tokyo, will in the coming week or so follow up with contacts, from participants requesting further one-to-one discussion on their proposals. Apart from the excellent briefs provided by the presenters, there were many participants who were surprised and impressed with the economic development in Fiji by the Bainimarama Government in last few years; in particular the fiscal stability measures adopted and the wise financial management of public finance, while addressing financial support towards the needs of the poor, the less fortunate, aged, and disadvantaged members of the Fijian community. Embassy of the Republic of Fiji, Tokyo, Japan - 13/10/2012.
Ministry of Foreign Affairs P. O. Box 2220 Government Buildings Suva, Fiji