Fiji is currently working on its first Trade Policy Framework which would ensure a coordinated and a consistent approach of maximising the development gains, by enhancing our industries, investments, exports and trade.
The Ministry of Industry and Trade permanent secretary, Shaheen Ali made these comments at the national consultation workshop of Fiji’s Trade Policy Framework organised in Suva today.
Mr Ali said the workshop was an opportunity for the private sector, policy makers and other interested stakeholders to contribute to the development of the country’s first Trade Policy Framework and achieving Fiji’s vision of improving its international competitiveness.
“The process adopted to formulate the Fijian Trade Policy Framework is a bottom-up approach and based on the ground realities and national priorities, including true reflection of the challenges and the opportunities for the Fijian economy,” Mr Ali said.
“The Framework will provide a single reference point for all stakeholders (including Foreign Investors), on Fiji’s roadmap towards a modern, inclusive and beneficial trade policy.”
Mr Ali said in order to be a “one stop” policy document on trade, the Framework needs to be holistic and encapsulate all segments and sectors of the economy.
The permanent secretary highlighted some key non-negotiable principles that the Framework will adhere to:
1. It needs to be consistent with the Fijian Government policies, e.g. the Charter and the Strategic Framework;
2. It must safeguard Fijian jobs and alleviate poverty;
3. It should seek to improve the living standards of all Fijians;
4. It should engender sound and stable fiscal and balance-of-payment status;
5. It should increase the supply and demand of Fijian-made goods and services, and
6. It should enhance the international position of the Fijian economy.
He added that the Framework would have an implementation matrix, summarising areas in need of financial and technical resources.
“Apart from outlining the immediate budgetary needs for implementing agencies, the matrix would also give our donor partners a credible assessment of Fiji’s aid for trade needs.
“The Framework will capitalise on the positive reforms undertaken by Fijian Government to improve Fiji’s business environment and trade related infrastructure, in order to position Fiji as the trade and economic hub of the Pacific Region,” Mr Ali said.
The first draft of the Trade Policy Framework will be circulated next month.
“Stakeholders will also be invited to comment on the first draft, after which a revised Framework will be produced and presented to the second National Workshop in September 2013. The finalised Trade Policy Framework will be submitted to the Government in October 2013. We also hope that this process will feed into the 2014 National Budget, which will take into account the immediate budgetary requirements.”
The Trade Policy Framework is being developed by the Industry & Trade Ministry with assistance from the Pacific Islands Forum Secretariat.
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