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Fiji as a Transitional Society

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Economy of Fiji
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Endowed with forest, mineral, and fish resources, Fiji is one of the most developed of the Pacific island economies, though it remains a developing country with a large subsistence agriculture sectorTemplate:Https://www.cia.gov/library/publications/the-world-factbook/geos/fj.html. Agriculture accounts for 18% of Gross Domestic Product, although it employs some 70% of the workforce as of 2001. Sugar exports and a growing tourist industry are the major sources of foreign exchange. Sugar cane processing makes up one-third of industrial activity; coconuts, ginger, and copra are also significant.
Fiji Village quoted Energy Minister Lekh Ram Vayeshnoi on 22 …show more content…

On 14 April 2005, the Cabinet approved Prime Minister Laisenia Qarase's proposal to develop a biofuels industry. Under the plan, ethanol is to be developed as a complement to the sugar industry, with the hope of alleviating Fiji's dependence on imported fossil fuels such as petrol.
On 15 August, Qarase said that the United Nations Development Programme (UNDP) had granted assistance to Fiji to develop its biofuels project. Transformation of the Fiji Sugar Corporation into an energy and sugar company would result in a turnover of F$1 billion by 2025, he said, and would cut imports of crude oil, generate export earnings, and provide a source of electricity. Energy could be produced from copra, forest, and agricultural products, as well as sugar. He touted the scheme as necessary for diversifying and strengthening the sugar industry for its own survival and the nation's economic good. He said that the government of Indiahad loaned F$86 million for the upgrading of Fiji's sugar mills, which would be completed in time for the 2007-2008 crushing season.
On 28 December 2005, John Teiwa of the Coconut Industry Development Authority announced that a 20-year plan for the coconut industry would be launched in 2006. Finance from international investors, including the government of India, would be sought to develop the processing of virgin and extra virgin coconut oil, with a view to venturing into foreign health

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