Fiji, China hold forum to promote economic co-op

16:47, April 18, 2011      

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Fiji and China Monday held a trade and investment forum here to promote economic cooperation between the two countries.

The forum was held while a 36-member Chinese Business Delegation is in Fiji to seek various investment opportunities.

Speaking at the occasion, Fiji's Trade Minister Aiyaz Sayed- Khaiyum said that Fiji has a lot to learn from China in relation to economic developments.

China's leaders have managed to create an international economic powerhouse without compromising its sovereignty and independence, he said, adding the Fijian government has looked at the dynamic growth that has taken place in China and wants to be able to participate in the growth as well as for China to participate in Fiji's growth, he said.

A 375 percent growth in investment projects by Chinese nationals has been recorded between 2009 and 2010 from four to 19, according to the Fijian official.

Dong Songgen, visiting Vice-Chairman of the China Council for the Promotion of International Trade (CCPIT), noted that the CCPIT organized such a large delegation to tour Fiji in order to look for opportunities for investment.

The delegation is interested in knowing more about Fiji and the forum provides us a good opportunity, through which the delegation can have further discussions on policies and also know the opportunities for investment available to them, he said.

Our aim is to deepen cooperation and relations in many sectors of the economy, he stressed.

Chinese Ambassador Han Zhiqiang also made a speech at the forum, highlighting the importance of the forum as it is a platform of exchange and coordination to explore potentials of trade and investment between the two sides.

He expressed hope that the bilateral relations of cooperation between China and Fiji would make a new stage to benefit the both sides, congratulating the success of the forum.

After speeches by the chief guests, members of the Chinese delegation divided into groups to undertake one-on-one business match, making sessions with various local entrepreneurs and government representatives to establish commercial links in the country.

Fiji Trade and Investment Bureau (FTIB) Chairman Adrian Sofield expressed that Fiji stands ready to assist investors and expand relations with China.

The Chinese delegation arrived in Fiji from Australia on Saturday and will depart for Tonga later Tuesday.

Source: Xinhua
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