The Fijian Government and the China-Fiji Trade and Economic Cooperation Commission have agreed to pursue negotiations on the proposed Fiji-China Double Taxation Avoidance Agreement.
This was decided during the first China-Fiji Trade and Economic Cooperation Commission Forum in seven years, hosted by the Fijian Government yesterday at the Grand Pacific Hotel in Suva.
The primary purpose of this meeting was to initiate bilateral discussions to advance and strengthen existing trade and economic relations and find ways to develop new initiatives.
Permanent Secretary for Industry and Trade, Shaheen Ali, said the other issues were with regards tariff rates on exports between the two countries.
He said also discussed was the need to establish better platform for information sharing and trade facilitation.
“Through this forum, we will continue to strengthen the economic and trade partnership between Fiji and China, and also continue to discover new areas of economic cooperation and common interest,” Mr Ali said.
“We had very fruitful discussions, whereby the Chinese delegation agreed to a number of proposals from the Fijian side which included cooperation agreements between key trade related agencies.”
“The meeting agreed to pursue MOU and co-operation agreements between the biosecurity, tax and national standards bodies.”
Mr Ali said the Chinese delegation head, Fang Quichen, the Deputy Director General of Ministry of Commerce, agreed that sharing of information was crucial in ensuring trade and economic relations are advanced.
“Apart from finalising a Double Taxation Avoidance Agreement to facilitation trade between both sides, both parties agreed to initiate an MOU between Investment Fiji and Investment Promotion Bureau of China,” he said.
Mr Ali said this meeting was a beginning of dialogue that would enhance existing initiatives, create new networks, and open up new business opportunities.
Both parties agreed that China-Fiji Trade and Economic Cooperation Commission will meet regularly and the next meeting will be hosted by China.
(Source: Fiji Sun)