The National Export Strategy (NES) was developed in 2006 to achieve sustainable economic growth through encouraging competitiveness, value addition and export diversification in areas of competitive advantages.
To address the challenges of reversing the widening trade deficit and the need to stabilize the country’s foreign reserve position, 6 major sectors were prioritized from the 13 sectors identified in the NES to improve export performance. These sectors are Agro-business, Forestry, Marine Products, Mineral Water, ICT and Audio-Visual.
The implementation of NES commenced in 2007. Since then funds have been allocated in the yearly budget. The Ministry has to-date assisted 29 companies to a value $5.1million through infrastructure development. Yearly implementation showed indications that the NES fund has the potential to achieve its objectives and could be utilized to effectively support related government targets under the Roadmap for Democracy and Sustainable Socio - Economic Development.
Some of the assistance to the private sector has included collection & processing facility for taro and other export commodities in Taveuni; HFTA facility in Nadi (Natures Way Cooperative); Aquaculture development in Vanua Levu; upgrading standards of fishing vessels to meet requirements for fish exports to EU.