Concerns are mounting regarding the potential effects of unexpected foreign tariffs on Fiji’s economy, particularly as local businesses may be left vulnerable. Rinesh Sharma, a member of the Standing Committee, raised these issues during a recent committee hearing, questioning the effectiveness of Fiji’s diplomatic missions in providing timely warnings about impending trade measures from foreign governments.
Sharma spotlighted the risks of sudden tariff implementations, highlighting their potential to disrupt trade dynamics and threaten employment across various sectors in Fiji. He queried whether the lack of foresight concerning these tariffs indicated a failure on the part of diplomatic missions to keep the government informed about ongoing negotiations and developments.
In response, Anare Leweniqila, Director of Multilateral Affairs, admitted that Fiji had not received prior warnings about recent tariffs imposed by the United States. He stated, “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 emphasized the importance of addressing such challenges through meticulous negotiations steered by the Ministry. He asserted, “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 proactive response to these challenges, the Ministry of Foreign Affairs has been appointed to coordinate external trade matters more effectively. This restructuring aims to enhance Fiji’s ability to manage trade-related issues and navigate the complexities of international trade and tariffs. The actions being taken signal a dedicated effort to mitigate risks associated with foreign trade relations, fostering a hopeful outlook for improved management of trade challenges in the future.