CHINESE INVESTORS MEET WITH FIJI MILITARY

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25-member delegation interested in tourism, real estate ventures

SUVA, Fiji (Fiji Sun, August 14, 2009) – A powerful 25-member Chinese delegation met with Prime Minister Commodore Voreqe Bainimarama on Wednesday night at the Shangri-La Fijian Resort in Sigatoka.

Speaking to the FijiSUN last night, Cmdr Bainimarama said he was confident that the country is going to form a long time partnership with China’s Sinohydro Corporation Limited.

"They want to come and invest in Fiji," Cmdr Bainimarama said.

He said the meeting is to strengthen Fiji’s relations with China as Government continues to venture out as part of its ‘Look North’ policy.

Cmdr Bainimarama said such visit attracts the interest of the international community and highlights the huge potential and wide range of opportunities that Fiji has in terms of investment, trade and forging stronger bilateral relations with China.

"As Government looks North for improved economic relations, I believe that this will also serve as an opportunity to share technical knowledge to our private sector members which would assist them in improving on their products, operation of their businesses, and in securing a fair size of exports to China and other countries," Cmdr Bainimarama explained.

He said in these difficult times compounded by the global financial crisis, it is encouraging to see China’s continuous investment engagement in the country.

Cmdr Bainimarama revealed that Fiji has been in good business with the Sinohydro Corporation Limited as well as the fishing company, Yong Xing (Fiji) Limited.

"These are major projects and just a few of China’s substantial investment portfolio that extends throughout the country," Cmdr Bainimarama continued on.

"My government works closely with both the public and the private sector to mould a mechanism that is pro-growth and serves to improve the lives of the people of Fiji."

The Chinese delegation representative Mr Lou acknowledged Cmdr Bainimarama’s words of welcome indicating that his delegation specialises in varieties of businesses.

"Members of our group come from different parts of China and some even from Italy.

"They engage in different businesses and in enterprises in real estate development in tourism, hotel building and so on."

He said the delegation is thankful to the Fiji Trade and Investment Bureau and Cmdr Bainimarama.

"My special thanks to Mr Prime Minister for taking time from his very busy schedule to be present at this function. This shows the friendship between Fiji and China really exist," Mr Lou added.

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