Balance of trade is in NZ's favour and Fijian Government wants to increase it's exports - Kumar

Balance of trade is in NZ's favour and Fijian Government wants to increase it's exports - Kumar

By Iva Danford
Wednesday 02/10/2019
Premila Kumar [Photo: Fijian Government]

Minister for Industry, Trade and Tourism, Premila Kumar says last year, imports from New Zealand was valued at $832.7 million but the balance of trade is in New Zealand's favour and government would like to increase Fiji's exports significantly.

Kumar highlighted this at a Breakfast Event today which was attended by the New Zealand Minister for Trade and Export Growth David Parker and senior government officials.

She says New Zealand has been one of Fiji's top 10 export destinations, with merchandise exports to New Zealand valued at $110 million on average, over the past 5 years.

She says the total two-way trade between Fiji and New Zealand last year amounted to over $975.3 million.

Commercial Photography

Kumar says the breakfast event provides an opportunity for the New Zealand delegation to meet the Fijian private sector and hear from them on what their interests are and how they can work together to continue growing trade and economic relationship between the two countries.

She says they recognise the growing strength of the New Zealand-Fiji relationship as their partnership is stronger today than ever before.

Kumar says the two nations are bound by strong economic relations and people-to-people ties.

She says going forward they can strengthen that relationship to match the friendship that has always existed between the two nations, its people and private sectors.

Kumar says the Fijian government is honoured that New Zealand does strongly support Fiji and the Pacific Island Countries in addressing challenges, that we face in particular the challenge of Climate Change which the  Prime Ministers of the two countries have strongly advocated in regional and international fora.

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