Fiji, NZ set $2b two-way trade target by 2030

Fiji and New Zealand have set a target of $2billion worth of two-way trade by 2030. The two prime ministers — Sitiveni Rabuka and Christopher Luxon — met this week where they agreed

Fiji and New Zealand are aiming for $2 billion in two-way trade by 2030.

The target was agreed upon by Prime Ministers Sitiveni Rabuka and Christopher Luxon during their meeting this week.

Speaking at the official opening of the Fiji New Zealand-New Zealand Fiji Business Councils’ 2024 Joint Conference at the Sofitel Fiji Resort and Spa in Nadi on Wednesday, Mr Rabuka said trade between the two countries is currently at a record high.

He said two-way trade has increased by more than 38 per cent in the past year to $NZ1.36b ($F1.9b).

The PM highlighted the growth of New Zealand’s exports to Fiji by more than 34 per cent to $NZ838million ($1.16b).

“However, Fiji’s exports to New Zealand have grown even more impressively by 45 per cent to $NZ516m ($F719m),” Mr Rabuka said.

“By all measures, these have broken all historical records.”

Mr Rabuka also welcomed the opening of New Zealand’s Pacific Trade Commission in Suva, which he said underscores Fiji’s role as a major trade and economic hub for the region.

He said a number of New Zealand companies have invested in Fiji over the years, creating jobs while also producing some of the world’s best goods and services.

New Zealand has also consistently been a significant market for Fiji, accounting for the second largest share of all tourists visiting our shores.