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• GDP: US$2.7 billion (2005).
• Main exports: Sugar, garments, gold, timber and fish.
• Main imports: Manufactured goods, machinery and transport equipment, petroleum and food.
• Main trade partners: Australia, Singapore, New Zealand, USA and UK.
• Main exports: Sugar, garments, gold, timber and fish.
• Main imports: Manufactured goods, machinery and transport equipment, petroleum and food.
• Main trade partners: Australia, Singapore, New Zealand, USA and UK.
Economy
The Fijian economy has a sizeable subsistence agricultural economy as well as producing cash crops, of which sugar is the most important. In 2002, the government began a wholesale reorganisation of the state-owned sugar monopoly, which was close to collapse through years of inefficiency and the state of the world sugar market.
Fish and timber, especially mahogany (of which Fiji is the world’s second-largest producer) are also vital export earners. The industrial sector exploits low-grade copper deposits.
There are also a number of light industrial enterprises producing goods such as cement, paint, cigarettes, biscuits, flour, nails, barbed wire, furniture, matches and footwear, mainly for domestic consumption. Tourism is the main service industry, but has been affected by various political upheavals.
Annual growth was estimated at 1.7% in 2005. More recently, closer economic relations have been forged with other Asian countries, including China, Korea (Rep) and Taiwan.
Fish and timber, especially mahogany (of which Fiji is the world’s second-largest producer) are also vital export earners. The industrial sector exploits low-grade copper deposits.
There are also a number of light industrial enterprises producing goods such as cement, paint, cigarettes, biscuits, flour, nails, barbed wire, furniture, matches and footwear, mainly for domestic consumption. Tourism is the main service industry, but has been affected by various political upheavals.
Annual growth was estimated at 1.7% in 2005. More recently, closer economic relations have been forged with other Asian countries, including China, Korea (Rep) and Taiwan.
Business Etiquette
Lightweight suits should be worn.
Office hours: Mon-Fri 0830-1630/1700 (some offices close one hour earlier on Fridays).
Office hours: Mon-Fri 0830-1630/1700 (some offices close one hour earlier on Fridays).
Business Contacts
Suva Chamber of Commerce
Thomson Street, GPO Box 337, Suva, Fiji
Tel: 331 4044.
Thomson Street, GPO Box 337, Suva, Fiji
Tel: 331 4044.
