Fiji amends its investment laws, attracts more investments

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SUVA, 16 June, 2021 (TON): Fiji is set to make its foreign and domestic investment proposal approval process more business-friendly.

The media reported that this follows recent reforms spearheaded by Fiji's Ministry of Commerce, Trade, Tourism and Transport to streamline Fiji's investment regulatory framework to be friendlier.

The aim is to generate foreign exchange, knowledge and technology-intensive jobs and help with the long term recovery of the Fijian economy, in the wake of COVID-19 impacts.

However, this means that Fiji's Investment Act will increase the island nation's ability to attract foreign and domestic investment across key sectors.

 

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