The Suva Retailers Association has reported that 2023 has been a challenging year for many businesses, emphasizing the importance of adherence to rules and regulations. Association President Jitesh Patel noted that retailers faced the added pressure of ensuring that the recent Value Added Tax (VAT) reduction was effectively integrated into their pricing structures, particularly in light of the national budget announcements.
Patel highlighted the strict oversight from the government and regulatory bodies, which aimed to ensure that the benefits of the VAT reduction were passed on to consumers. He mentioned that the association engaged in consultations with the Fiji Revenue and Customs Service and the Fijian Competition and Consumer Commission to ensure compliance among retailers. “I’m proud to say most of our retailers were able to manage it. Another key focus for us has always been thriving, not fighting,” Patel remarked.
However, Patel also expressed concerns regarding the Employment Relations Bill, describing it as heavily one-sided and lacking adequate business sector consultation. While he acknowledged that the initial engagement was limited, he noticed improvements following the involvement of the Parliamentary Consultation Committee.
To ensure that retailers’ voices were heard, the association issued several press releases and collaborated closely with the Fiji Commerce and Employers Federation. These collective efforts have resulted in tangible progress, with Patel asserting that the business sector has successfully advocated its position.
Looking ahead, Patel remains optimistic that 2024 will usher in further improvements, particularly through more balanced legislation related to government relations and enhanced consultation processes. As retailers navigate these challenges, their resilience and proactive actions signal a promising outlook for the future of the business community in Fiji.