The journey towards achieving NZD$2 billion in trade and investment between Fiji and New Zealand, which is approximately FJD$2.8 billion, must focus on building a stronger and more resilient partnership, rather than simply increasing trade volumes.

That was the key message from Minister for Foreign Affairs and External Trade Sakiasi Ditoka while speaking at the Fiji New Zealand and New Zealand Business Council Joint Conference in Nadi.

The panel discussion, titled “Towards the $2 Billion Target – What is Making the Difference” at the Conference, brought together government and business leaders to examine opportunities for expanding economic cooperation between the two countries.

Ditoka said the NZD$2 billion target should be viewed as a foundation for broader ambitions.

He said the real objective was not simply to increase the volume of trade between Fiji and New Zealand, but to create a trade relationship that is broader, deeper, more innovative and more resilient.

The call comes as both countries continue to strengthen commercial links, with business leaders highlighting growing trade activity and investment opportunities.

New Zealand Fiji Business Council President Chandar Sen said New Zealand remains one of Fiji’s most valued trading partners.

He said two-way trade between the two countries has already exceeded NZD$1.4 billion, which translates to more than FJD$2 billion.

Sen said this demonstrates the strength of the existing relationship and the potential for further growth.

Meanwhile, Reserve Bank of Fiji Governor Ariff Ali provided an update on Fiji’s economic outlook, noting that while growth is expected to moderate, the economy remains on a positive trajectory.

Ali said the forecast growth rate of 1.5 per cent should not be viewed negatively.

He said the projected expansion would mark Fiji’s fifth consecutive year of economic growth, reflecting continued resilience despite global economic uncertainties.

The discussions highlighted the importance of trade, investment and private sector partnerships in supporting economic growth and strengthening ties between Fiji and New Zealand as both countries work towards achieving their long-term economic ambitions.