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Foreign Investment Act being reviewed to market Fiji for targeted investment

Foreign Investment Act being reviewed to market Fiji for targeted investment

By Rashika Kumar
Thursday 09/07/2020
Minister for Commerce, Trade, Tourism Faiyaz Koya. [image: Fijian Govt]

The government is reviewing the Foreign Investment Act to significantly realign its focus on marketing Fiji as a destination for targeted investment.

This has been confirmed by Minister for Commerce, Trade, Tourism, Faiyaz Koya today while re-opening TOTAL Service Station in Lautoka.

Koya says this is being done to streamline processes, eliminate the difference between the domestic and foreign investors and accord internationally recognised rights such as the Most Favored Nation and the National Treatment.

He says they are specifically looking at areas such as green growth, and technology for sustainable development in a post pandemic era.

The Minister adds these reforms are being done with the support of Investment Fiji and their Trade Commissions.

Koya says the “bizFIJI” portal provides both local and foreign investors with information on starting a business and obtaining construction permits.

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