The Fiji Commerce and Employers Federation (FCEF) is preparing for its annual State of the Economy Breakfast Talanoa, an important gathering aimed at facilitating dialogue among business leaders, policymakers, and industry experts about Fiji’s economic prognosis and its ramifications for the private sector. As one of Fiji’s prominent Employers’ and Business Membership Organisations (EBMO), FCEF plays a crucial role in driving conversations that shape national economic policy.
This event is designed to foster direct engagement between the private sector and those responsible for developing fiscal, labor, trade, and regulatory frameworks. Business leaders will have the chance to gain valuable insights and connect with key economic figures, which could help them navigate today’s challenging economic conditions.
As Fiji approaches 2026, the economic climate presents a mixed bag of opportunities and challenges. While inflation rates have shown signs of easing, alleviating some pressure on households and businesses, the private sector is still grappling with considerable obstacles. For instance, the corporate tax rate has increased by five percent since 2023, and wage costs have surged by an alarming 86.6 percent over the last three years. Additionally, climbing freight costs continue to weigh heavily on business operations.
The workforce dynamics present their own set of challenges, primarily characterized by a heavy dependence on remittances and a lack of skilled candidates ready to enter the job market. Furthermore, inadequate investment in professional development and training has led to productivity constraints, compounded by low labor force participation and significant emigration rates.
Nevertheless, FCEF points to some positive advancements, notably Fiji’s removal from the European Union’s tax transparency blacklist, which enhances confidence in trade and investment. This progress, however, came at a cost—specifically, the loss of the Export Income Deduction (EID)—which has diminished export incentives for some businesses, potentially placing them at a competitive disadvantage.
Looking to the future, the anticipated signing of the PACER Plus agreement could impose further challenges, such as heightened administrative expenses and increased exposure to international competition. This shift may particularly impact local small and medium-sized enterprises (SMEs), which are vital to driving Fiji’s GDP growth, currently projected at around three percent, trailing the National Development Plan’s target of four to five percent over the next five years.
The private sector is increasingly advocating for policy measures that not only enhance competitiveness but also promote sustainable job creation. The discussions at the State of the Economy Breakfast Talanoa are expected to provide vital information to assist participants in making informed investment choices and aligning their workforce planning with national developmental goals.
The event is scheduled for March 4, 2026, from 7:00 AM to 9:00 AM at the Grand Pacific Hotel in Suva. It aims to encourage strategic dialogue with Fiji’s economic leadership, and registration options are available for both individuals and groups, with advance bookings encouraged due to limited seating. Participants will also receive credit for two Continuing Professional Development (CPD) hours, making it beneficial for finance and governance professionals.
Minister for Finance Esrom Immanuel is set to deliver a speech addressing the state of Fiji’s economy, making this gathering a significant opportunity for stakeholders dedicated to shaping Fiji’s economic future. This collaborative approach is vital for navigating the uncertainties ahead, ensuring a resilient and prosperous economic landscape.