The primary objective of Fiji’s forestry sector is maintaining and increasing the development of essential resources harvested from its vast natural resources of timber, and its wood products.
The government has proposed numerous strategies to facilitate export earnings, boost investment to create more jobs, and enhance economic growth within the timber industry.
- Today, wood has become Fiji’s 5th largest domestic export after commodities such as sugar, fish, garments, and mineral water.
- More than 50 percent of Fiji’s land is made up of native forests. Another 5% to 6% consists of pine and hardwood plantations. The country’s softwood plantation, which primarily consists of pine, accounts for 2.5% of its total land area, and has great potential for expansion. Mahogany plantations comprise 2.9% of Fiji’s timber resources, which is planted on logged rainforest land.
- Fiji has long been self-sufficient from the harvesting and development of its timber products, and through efficient and effective use of the country’s natural and plantation resources. However, the future of Fiji’s timber industry is heavily reliant on the development and utilization of a large-scale mahogany plantation resource.
- In addition, Fiji also has large coconut palm plantations, and is the front-runner in efficiently extracting and processing aged coconut palm wood to make an array of products.
The Fijian government provides investors with specialized machineries for harvesting raw materials for direct production. Moreover, the government also provides investors 100% in tax deductions in the food processing and forestry sectors*. *conditions apply