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THE FIJI ISLANDS TRADE AND INVESTMENT BUREAU The Fiji Islands Trade and Investment Bureau (FTIB) was formed as a statutory organisation by the Economic Development Board (EDB) Act No 11 of 1980 to promote, stimulate and facilitate the exports and investment. Though the FTIB is the investment and trade promotion agency of the Government, it operates independently and has a Board comprising mostly of private sector representatives.
SERVICES OF FTIB The FTIB provides a range of services to promote investment and development of industries or enterprises, which will benefit the national economy by creating employment opportunities, increasing exports and eradicate poverty. To meet its objectives, the FTIB undertakes the following functions:
REGULATORY FUNCTION • Receive and appraise Foreign Investment Registration Application Forms submitted by foreign investors • Grant Foreign Investment Registration Certificates within 5 working days after receipt and appraisal of all investment applications. • Monitor the progress of all registered projects to ensure that they adhere to the conditions of the approval they were granted • Facilitate the implementation of approved projects by liaising closely with key Government Agencies to remove the impediments delaying the implementation of these projects.
PROMOTION ACTIVITIES • Promotes the Kalabu ICT Park as a ideal site for ICT back office operations. Companies located in the Park will enjoy the 10 year tax holiday available to companies under the sixth schedule of the Income Tax Act to set up Software Development Business Processing Operations. • Conduct investment seminars and in vestment promotion missions • Promote industrial training • Liaise with international investment/ trade promotion agencies • Promote Fiji products by organising trade missions to potential markets • Co-ordinate participation and organise promotion at international exhibitions and local trade fairs • Arrange programmes for visiting overseas buyers and exploratory investment and trade missions to Fiji • Promote the Government’s Export Promotion Incentive Scheme • Publish specialised publications featuring trade and investment opportunities and incentive schemes.
ADVISORY AND INFORMATION SERVICES • Identify & prepare industrial project profiles in key development sectors • Provide guidance and advice on investment policies • Facilitates identification of local and foreign partners for joint venture partners. • Furnish investors with information on capital costs, wages, labour regulations, land, funding etc • Monitor and provides ongoing assistance to enterprises
LIAISON BETWEEN GOVERNMENT,PRIVATE SECTOR AND REGIONAL AND INTERNATIONAL AGENCIES. • Acts as liaison between the private sector and Government agencies. • Acts as the agent for Government on trade, investment and private sector development issues.
EXPORT MARKETING INFORMATION • Conduct research and provide information on overseas market trends and opportunities • Furnish information on preferential trade agreements, export/import procedures and quarantine regulations • Conduct feasibility studies on product development and adaptations • Undertake market research development • Assist in identifying potential overseas markets and customers and • Handle export trade enquiries.
FACILITATES THE EXTERNAL ASSISTANCE PROGRAMME OF THE FOLLOWING ORGANISATIONS • Centre for Development of Enterprise (CDE) • Pacific Islands Forum Secretariat Assistance • Pacific Islands Trade & Investment Commission (PITIC), Sydney • Pacific Islands Trade & Investment Commission (PITIC), NZ • Pacific Islands Forum Trade Office (PIFTO), China • NZ Overseas Development Assistance
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