Fiji trade delegation eyes PNG market

The Pacific islands second largest economy, Fiji is moving forward to capture the business opportunities available in the Papua New Guinea market.

PNG has the biggest economy and consumer base in the Pacific, apart from Australia and New Zealand.    

It was revealed during the formal bilateral meeting between Minister for Trade, Commerce and Industry Richard Maru, and Fiji’s Minister for Public Enterprises, Industry, Trade and Tourism Faiyaz Koya that a Fiji trade delegation will visit PNG.

The leaders meeting was held last week in Suva with trade and investment as the main point of discussion.

“Fiji considers PNG as an important and growing market for its manufactured goods so it has appointed a new Trade Commissioner to specially grow its market in PNG. The new Fiji Trade Commissioner will commence in his new role in PNG next months,” Maru said. 

PNG buy more goods from Fiji than it sells to its Melanesian neighbour, with the trade imbalance standing at K54 million in favour of Fiji. 

Fiji’s export to PNG is valued at K58 million, while PNG sells only K4 million worth of goods to Fiji. 

Charles Yapumi