The Fiji Times » Trade prospects – Fiji Times

Abishek Chand
3 November, 2021, 8:30 pm
Acting Prime Minister Inia Seruiratu (4th from left) with other guests during the Fiji Korea Trade Show launch on Monday night. Picture: RAMA
Fiji and Korea’s annual trade volume in 2020 was around $US150 million ($F312.6m) according to Ambassador of the Republic of Korea to Fiji, Young-kyu Park.
He said this during the 50th Anniversary of Diplomatic Relations and launch of Fiji-Korea Trade Expo on Monday.
“Korea’s main export items are motor vehicles and electrical appliances and while Fiji’s export goods include skincare products, mineral water and fish.
“Pure Fiji and Fiji Water are well received in Korea as prestigious and I am glad to find that many Fijian people find Korean cars and electronic products reliable.
“As part of today’s event we will launch the Fiji Korea Expo 2021 cohosted by the Korean Embassy and Investment Fiji.”
Mr Park added this expo would offer innovative opportunities via a online platform to both countries private sectors.
About 100 Korean and Fijian companies were said to showcase their products in a wide range of areas including health, beauty, food and beverages to name a few.
According to the Minister for Commerce, Trade, Tourism and Transport, Faiyaz Koya, Korea has supported Fiji’s socio-economic development aspirations as well as capacity building across a number of areas.
The minister acknowledged the groundwork undertaken in establishing the KOICA Pacific Office in Fiji. “I am confident this will boost KOICA’s presence in Fiji and the Pacific region,” he said.
“This exhibition provides an avenue to both Fijian and Korean stakeholders to exhibit a wide range of products and services.
“I am aware that the exposition will showcase over a thousand products and services.”
He said various renowned brands and companies, both from Fiji and Korea were set to exhibit in sectors such as Fijian made and Korean made products, health and cosmetic, health and medical equipment, food and beverage, fashion and apparel, manufactured goods, primary industry and business services.
“As well as, allow for greater collaboration and match- makings between the traders of both sides.”
Mr Koya added events such as these were timely and contributed towards Fiji’s economic recovery and rebuilding efforts.
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