Internal investment promotes international cooperation

08/11/2011

The Bainimarama Government continues to invest in modernisation of the Fijian economy to support its businesses and industries as they compete in the global economy.

The Government’s commitment is demonstrated across a number of industries, including infrastructure development, healthcare research, technology advancements, and access to education <http://bit.ly/uJya6Y> .

This week, the Reserve Bank of Fiji <http://www.reservebank.gov.fj/>  reported an over-100 percent increase in loans <http://bit.ly/rwNwbo>  to the transportation industry this year, directly in line with the Prime Minister’s other infrastructure development <http://www.fijitimes.com/story.aspx?id=183720>  initiatives and expansion agenda.

The most recent demonstration of internal investment in technology is the installation of a new computer program <http://bit.ly/uh4gh2>  in Nadi that helps meteorologists predict various elements of climate change as they would affect Fiji.

This, of course, is just a small part of Fiji’s growing investments in broadband and telecommunications <http://www.itu.int/ITU-D/asp/CMS/Events/2011/Broadband-Fiji/Session-3.pdf> .

In support of this commitment to internal development, there has been significant support from the international community.

In addition to the $140 million Fijian Health Ministry grant <http://bit.ly/n2r6Fr>  to eradicate non communicable diseases, a Korean medical research grant <http://www.fijitimes.com/story.aspx?id=183029>  now funds a collaborative training program between the Seoul National University Hospital and the Fiji School of Medicine for the same purpose.

“With the Korea-EU Free Trade Agreement (FTA) and the impending implementation of the Korea-U.S. FTA in January, 2012, there will be a distinct and immediate influx in trade activity of interest to Fiji,” Attorney General Mr Aiyaz Sayed Khaiyum <http://www.ag.gov.fj/?page=attorneyGeneral>  said.

“With all the Prime Minister’s meetings throughout China, these relationships with Asia’s large trading powers will help as Fiji positions itself as an economic hub of the region”.

As Fiji’s Prime Minister continues promoting internal development, the nation looks forward to an increase in deep and scalable <http://www.fijitimes.com/story.aspx?id=184365>  partnership opportunities across additional industries.