A-G tells trade delegation to use tax incentives

Our Trade Minister has urged a New Zealand trade delegation currently in Fiji to take advantage of Fiji’s attractive tax incentives ‘now’.
The 13-member delegation is made up of Fijian and non-Fijian businessmen, some of who are new investors while others are looking for more investment.

Attorney-General and Minister for Industry and Trade, Aiyaz Sayed-Khaiyum, highlighted this at the opening meet for the three-day Business Mission, Fijians to Fiji 2013 Workshop yesterday.

“We have investors and those people who are interested to invest to Fiji, in terms of taking opportunities and taking advantage of the opportunities. You need to ride the wave now,” he said.

Mr Sayed-Khaiyum pointed out the big number of interest shown weekly by investors from all the over the world who were taking advantage of the incentives laid out by Government.

“Nearly on a weekly basis, we have a very strong interest shown by various investors from various parts of the world including USA, Canada and China, India, Indonesia and of course Australia and New Zealand,” he said.
“They are very much interested in terms of taking advantage of the incentives that have already been put in place by the Bainimarama Government.”

Areas with potential

Mr Sayed-Khaiyum also noted a number of key sectors to invest which had attractive tax holidays from the agricultural sector, the manufacturing industry and others.

Fiji’s Consul in Auckland, Harish Lodhia, said the business mission is an extension of the initiative to inspire and encourage Fijian business people based in New Zealand.

“We encourage you to look with a ‘new eye’ at your homeland and an opportunity to invest, trade or work jointly with businesses self operating in Fiji to strengthen and become true partners in progress and prosperity to all,” he said.

“I am sure that over the next two days, you will be able to identify your niche markets, determine your associates in Fiji, do a memorandum of understanding and move forward.

“That is the objective of this delegation, to explore existing and emerging opportunities for trade and investment.”

Also in agenda

The delegation will also have meeting with ministers, officials of Reserve Bank, Investment Fiji, Customs and other departments, the local media and officials of the Fiji Retailers Association.

They will also have one-to-one meetings with their prospective business partners.
The delegation was hosted to a cocktail event by the Suva Retailers Association last night at the Fiji Club.

(Source: Fiji Sun)