The Minister for Industry, Trade and Tourism, Hon. Faiyaz Siddiq Koya met with the Secretary General for United Nations Conference on Trade and Development (UNCTAD), Dr. Mukhisa Kituyi. The discussions were focused on areas of support for investment, competition and development of micro, small and medium enterprises in Fiji.
“UNCTAD has worked with Fiji in the initial stages of the investment policy and competition policy reviews. We had fruitful discussions in terms of advancing these two reviews to the next stage”, said the Minister.
“As the Fijian borders are opening up to increased trade and investment we need to also ensure that our related laws are facilitating trade and investment and at the same time providing a regulatory framework that allows for fair competition and protection of consumers”, added Minister Koya.
“It was highlighted to the Secretary General that Fiji can provide UNCTAD the perfect platform to successfully implement its technical programmes. Successful partnership on review of laws and policy that lead to improved trade and investment facilitation, would not only make an impact domestically in Fiji but become a model for the region”, stated the Minister.
“Furthermore, in order to enhance cooperation between UNCTAD and the Pacific, the UNCTAD Secretary General is considering the invitation by Fiji to have a regional representation in Fiji. UNCTAD Secretary General agrees that the Pacific region has been generally neglected. He stated that as the UN machinery looks towards the sustainable development and preservation of our blue economy, presence in the Pacific would make sense as the Pacific region contains the world’s largest marine and oceanic resources. I am confident that UNCTAD will positively consider our invitation”, said Minister Koya.
“This meeting has opened the high-level channel of communication, and Fiji will continue to follow-up on the proposal made to the UNCTAD”, said Minister Koya.
The bilateral meeting between Fiji and UNCTAD was also attended by the Permanent Secretary for Industry, Trade and Tourism, Mr. Shaheen Ali and Ministry officials.