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What is the overall strength of Fiji?
Fiji is a country with strong economic strength and good economic development among the Pacific island countries. Fishery and forest resources are abundant, with gold, silver, copper, bauxite and other mineral deposits. Sugar industry and tourism are the pillars of the national economy. Fiji attaches great importance to the development of the national economy, emphasizing the development of private enterprises, establishing a relaxed policy environment, promoting investment and exports, and gradually developing Fiji's economy into? High growth, low taxes and vitality? Export-oriented economy
Sugar industry and tourism are the pillars of the national economy. Fiji attaches great importance to the development of the national economy, emphasizing the development of private enterprises, establishing a relaxed policy environment, promoting investment and exports, and gradually developing Fiji's economy into? High growth, low taxes and vitality? Export-oriented economy In recent years, due to the falling prices in the international market and the adjustment of domestic industrial structure, the sugar industry is facing difficulties. From June 5, 2005 to 10, Fiji's garment processing industry declined sharply after the United States cancelled the quota of textile imports from Fiji. The global financial crisis has also had a certain impact on Fiji's tourism industry. Tourism has improved in recent years. The Philippine government is vigorously promoting the construction of infrastructure such as roads, ports and electricity. Fiji has maintained economic growth for eight consecutive years. Foreign capital plays an important role in Fiji's national economy, and the commercial outlets in the domestic market are mainly controlled by two Australian multinational companies. Banking, insurance, shipping, telecommunications and gasoline supply are also controlled by foreign capital.
In 2008, Fiji attracted 550.5 billion yuan of foreign investment, including 5 176 billion dollars of foreign direct investment.
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