Fiji and New Zealand have set a target of $2billion worth of two-way trade by 2030.
The two prime ministers — Sitiveni Rabuka and Christopher Luxon — met this week where they agreed, among other issues, that the target for business between Fiji and New Zealand is $2bn in the next six years.
In his address at the official opening of the Fiji New Zealand-New Zealand Fiji Business Councils’ 2024 Joint Conference at the Sofitel Fiji Resort and Spa in Nadi yesterday, Mr Rabuka said at present, the countries’ trade relationship is at a record high.
He said two-way trade between the two nations has grown by more than 38 per cent in the past year to $NZ1.36b ($F1.9b).
The PM noted the growth of New Zealand’s exports to Fiji by more than 34 per cent to $NZ838million ($1.16b).
“However, Fiji’s exports to New Zealand have grown even more impressively by 45 per cent to $NZ516m ($F719m),” Mr Rabuka said.
“By all measures, these have broken all historical records.”
Mr Rabuka also commended the opening of New Zealand’s Pacific Trade Commission in Suva, which he said affirmed Fiji’s role as a major trade and economic hub for the region.
He said there were a number of New Zealand companies that have invested in Fiji over the years, creating jobs while also producing some of the world’s greatest goods and services.
New Zealand has always been a significant market for Fiji, comprising the second largest share of all tourists visiting our shores.
