More collaboration expected between Unit Trust of Fiji, Samoa National Provident Fund and Unit Trust of Samoa

The Fijian Government has today executed a Bilateral Agreement with the Government of Samoa in support of a regional collaboration between the Samoa National Provident Fund, Unit Trust of Samoa and its Fijian counterpart, Unit Trust of Fiji.

Unit Trust of Fiji says this is a historic event for UTOF as it extends its services to Samoa.

Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum formalised the agreement with the Samoan Government this afternoon in Nadi.

The Ministers from both countries had a fruitful discussion addressing a number of investment opportunities and renewed calls to revamp diplomatic and trade relations once the borders open up.

The MOU allows both parties to mutually invest based on the agreed framework extending to key industry sectors.

Samoa National Provident Fund, Unit Trust of Samoa and Samoa’s Parliamentary Scheme has already invested $16 million with Unit Trust of Fiji.