Fiji imports more than $6 billion worth of goods every year.
With Fiji exporting 2.2 billion dollars worth of goods in a year, this gap is a matter of concern.
The Office of the Prime Minister Permanent Secretary Yogesh Karan says new strategies need to be developed to close the gap between imports and exports.
Trade deficit has increased by 40 percent, from 2.69 billion in 2015 to 3.78 billion in 2019.
“Fiji imports 51.5 million dollars worth of fresh fish every year- despite the fact that we have water all around.”
“In the 2017-2018 financial budget, government had allocated 2 million to introduce a new policy to help young farmers return to the sugar cane industry”.
Karan says the impacts of COVID-19 has left behind noticeable evidence of how much the nation has been affected.
With so much vacant land available, the Ministry is requesting members of the public to invest in farming as a long term solution.