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This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
To contact the authors of this blog, please call telephones (679) 3342719, (679) 3544897 or e-mail info@gilbert.com.fj.


Wednesday, March 14, 2007

Revised National Budget : Priority Sectors and Incentives

In the Revised National Budget 2007 that was delivered by the Interim Government two weeks ago, Government has identified priority sectors as including :
  • Forestry;
  • Agro-business;
  • Marine products;
  • Audio Visual;
  • Information and Communications Technology; and
  • Mineral Water.

Plans are also underway to create economic zones where small and medium enterprises can be established. Part of this plan has seen to the development of the Kalabu Tax Free Zone and the upcoming Vatuwaqa Industrial Zone in Suva.

Government also announced plans to reduce the cost of doing business in Fiji by deregulating and opening up the telecommunications sector to allow more companies into that sector and thus promoting competition, and also to review all concessions to place everyone on a level playing field.

It says that it will continue to support businesses and investment and ensure that "the climate is conducive, the policies are consistent, everyone is treated uniformly and that incentives .... are effective".

In an upcoming post, we will put up incentives that are being offered specifically for promoting development and business at Vanua Levu, Fiji's second largest island.

Note : Those that need advice or assistance on setting up business or investing in Fiji can contact our company, Gilbert & Samuels Company Limited, by e-mail on gilbert@connect.com.fj or by telephone on (679) 3396427.

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