Concerns are rising over the potential impact of unexpected foreign tariffs on Fiji’s economy, particularly as local businesses could be left vulnerable, according to Rinesh Sharma, a member of the Standing Committee. During a recent committee hearing, Sharma pressed the Ministry of Foreign Affairs on whether Fiji’s diplomatic missions are effectively acting as the initial line of defense by providing timely alerts about impending trade measures from foreign governments.
Sharma emphasized that sudden tariff implementations could adversely affect trade dynamics and jeopardize employment opportunities across various sectors in Fiji. He inquired whether the lack of anticipation regarding these tariffs was a failure of the diplomatic missions to adequately inform the government about ongoing negotiations or developments.
Anare Leweniqila, the Director of Multilateral Affairs, acknowledged that Fiji had not been forewarned about recent tariff actions imposed by the United States. He noted, “It comes down to negotiation. We often do not receive advance notice regarding external trade measures from the US. This recent tariff measure took everyone by surprise and emphasizes the need for effective negotiation.”
Leweniqila underscored the importance of addressing these issues through careful negotiations led by the Ministry. He remarked, “The responsibility lies with us to safeguard our interests regarding imposed tariffs. We must negotiate with the US to find a mutually beneficial resolution.”
In a strategic move, the Ministry of Foreign Affairs has recently been assigned the role of coordinating external trade matters to enhance response efficiency in managing trade-related challenges. This restructuring aims to bolster Fiji’s capacity to better navigate the complexities of international trade and tariffs moving forward. The proactive steps being taken indicate a focused effort to mitigate risks associated with foreign trade relations, underscoring a positive outlook for better management of such challenges in the future.