The Fiji-Papua New Guinea Business Council has revealed that trade investment between the two countries saw a 50% investment drop between 2016 and 2017.
This was highlighted at the councils AGM held at the Grand Pacific Hotel in Suva last night.
The initial trade investment between the two countries for 2016 was at $36 million and this dropped to $17 million at the end of 2017.
Council’s Chairman, Joe Taoi says that a major contributing factor was the misunderstanding that positioned Fiji to put forward a food quarantine on a PNG product.
Taoi says that the ban was lifted around March last year.
Meanwhile, Damodar Group of Companies CEO, Div Damodar has been elected as the new President of the Council.
