FIJI TAX EXEMPTION PLAN TO LURE FOREIGN INVESTORS

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SUVA, Fiji Islands (June 20, 2001 – Radio Australia)---Fiji's caretaker government has introduced a tax exemption plan designed to lure foreign investments back to the country.

The plan, known as the Duty Suspension Scheme, will exempt mainly garment, timber and fish exporters from paying import duties and value added tax (VAT).

The initiative is similar to existing schemes for investors who have set up garment operations in the country.

The caretaker government also has invited individuals and organisations to be part of a steering committee to manage the new project.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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