Australian tourism fundamental to Fiji’s economy
A report in the Fiji Times this morning says that Fiji Australia Bilateral trade portfolio is valued at $A1.565billion ($F2.045bn)), with Fiji raking in most of the bilateral revenue generated.
The portfolio comprised of trade in goods and merchandise of worth $A634million ($F828.6m) and trade in services $A931m ($F1216m), says Fiji Australia Business Council President Caz Tebbutt Dennis.
In a press statement yesterday, she said it was clear from the breakdown that Fiji raked in more of the bilateral dollar than Australia, adding “Fiji gets $A945m ($1235m) of the total bilateral pie, and Australia gets $A620m ($810m) of the bilateral pie”.
“When we look at the facts, we see how critically important the Fiji Australia bilateral relationship is and how fundamental Australian tourism is to keeping jobs and the economy flowing in Fiji.”
She said the bilateral trade portfolio in goods and merchandise was clearly in Australia’s favour, with $460m in exports to Fiji, compared with $175m of exports from Fiji to Australia, adding that the exports of the largest sector was textile clothing and footwear, valued at $A91.8m ($119.9m) in exports from Fiji.
“You can see why the garments sector has spoken out about jobs and the economy”, adding that the services portfolio showed the opposite profile, with Fiji receiving a staggering $A770m ($1006m) in foreign exchange receipts from Australia and Australia received $A161m ($210.4m) from Fiji.
Mrs Tebbutt said tourism was the big contributor here to the positive Fiji services balance, adding “We keep talking about jobs and the need to protect them and these numbers definitely shed light on just how much money and how many jobs are potentially at stake”.
“The Fiji Australia Business Council strongly supports any move to assist with lessening travel advisories and ultimately lifting them and getting tourists back to Fiji,” she said.
Report by The Mole
John Alwyn-Jones
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