GROWING CHINA INVESTMENT INTEREST

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PACIFIC ISLANDS FORUM SECRETARIAT Suva, Fiji Islands

 

PRESS STATEMENT September 5, 2002

IN PACIFIC ISLANDS

The Pacific Islands Forum Trade Office in Beijing says there is growing interest from the People’s Republic of China for trade and investment opportunities in the Pacific Islands.

Pharmaceutical interests in Zhuhai city in Guangdong Province are studying Pacific Island herbal products, such as noni and kava, for possible use in the herbal and pharmaceutical industry, following PIFTO investment seminars.

Trade Representative Mr. Rohan Ellis says the Trade Office is also helping Fiji and Vanuatu with their applications to be listed as an Approved Destination Status, for Chinese citizens going overseas for holidays. China’s National Tourism Administration Committee approves tourism destinations for Chinese citizens.

A major construction and travel operator indicated interest in developing vacation options to Fiji, as well as hotel and property development in Fiji and other Forum Island Countries.

The investment seminars also identified food manufacturers who are seeking joint ventures for small food production plants in Tonga and Samoa.

Investment seminars in other Chinese cities have focused on fisheries, aquaculture, farming and forestry resources in the Pacific Islands as well as the mineral and fossil fuel resources in Papua New Guinea and other parts of Melanesia.

In Hainan Province, the Hainan Ministry of Agriculture has flagged more projects in aquaculture, and is also keen to extend technical assistance to commercial fishing.

Hainan investors are seeking to build up more trade with the Pacific Islands, while importing Pacific Island products such as taro and vanilla for the produce markets, and coconut kernels for a coconut juice production factory.

The Pacific Islands Forum Trade Office began operations in Beijing during January of this year, and will be officially opened on September 11.

For additional information, contact: Ulafala Aiavao at UlafalaA@forumsec.org.fj 

Ulafala Aiavao Media Adviser Forum Secretariat Private Bag Suva, Fiji

Tel: (679) 3220 220; Mob: (679) 9998 674 Fax: (679) 3305 554 Email: UlafalaA@forumsec.org.fj  Web: www.forumsec.org.fj  Mirror site: http://chacmool.sdnp.undp.org/pacific/forumsec/default1.htm 

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