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2 April, 2020, 11:44 am
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2 April, 2020, 11:44 am Central - 29°C Rain

2018 records impressive figures from two-way trade between Fiji and Japan

2018 records impressive figures from two-way trade between Fiji and Japan

By Violet Matakibau
Thursday 27/02/2020
Minister for Industry, Trade and investment, Premila Kumar while opening the Japan Trade and Investment Mission workshop between Fiji and Japan at USP's Japan ICT Lecture Theatre

Two way trade between Fiji and Japan in 2018 was around $428.2 million, out of which Fijian exports to Japan was valued at $161.5 million, and imports were around $266.6 million, resulting in a trade deficit of $105.1 million.

This has been highlighted by the Minister for Industry, Trade and investment, Premila Kumar while opening the Japan Trade and Investment Mission workshop between Fiji and Japan at USP's Japan ICT Lecture Theatre.

Kumar says Fiji and Japan share many cultural and geographical interests making a strong basis for enhanced trade and investment relations.

She says such events form a foundation for Fiji as a nation to eliminate the trade gap.

Kumar urges the private sector to network and discuss how this could be done as it will be in the nation's interest to source investments from Japan either through joint ventures or entirely through foreign direct investment.

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