The bedrock of its economy, Fiji’s agriculture sector boasts numerous opportunities for foreign investments.
Agriculture is now Fiji’s third largest industry sector as it contributes an estimated US$230 million to the country’s national gross domestic product and accounts for approximately 28% of the formal sectors employment.
- Sugarcane, once the main cash crop of Fiji’s agriculture sector, is now surpassed by other crops such as livestock production and horticulture. Fiji’s thriving agriculture sector also has potential to aid development in the tourism industry.
- Having a tropical climate and rich resource base, Fiji produces a wide range of tropical vegetables and fruits. Considering the island’s tourism sector is growing rapidly, agriculture growth is essential to support high local hotel demand. Hence, there is great investment potential for the agriculture sector in the production and export of high value agricultural produce.
- With a pristine environment, supported by other ecological and environmental factors, production of organic and other high value niche produce has promising and lucrative business opportunities for stakeholders and investors.
- Other potential value added products include papaya, tomatoes, pineapple, coconut, duruka, mango, chillies, banana, cassava, taro, breadfruit, sweet potatoes, ginger, cocoa and dairy.
Potential also exists in the Livestock Sector for:
- Animal Feed Supply, using local resources from existing industries
- Dairy Farming; and
- Production and supply of organic farm inputs
While there is no minimum investment requirement for agriculture, investors can obtain a range of corporate tax exemptions for different levels of capital investment for selected activities.