INTRODUCTION
Fiji is categorized as one of the five Pacific Island countries (PICs) with the others being Papua New Guinea, the Solomon Islands, Tonga and Vanuatu. After attaining her independence, Fiji concentrated on her agricultural sector, specifically, sugar cane production and exportation. At the same time, the successive governments adopted an import substitution policy but later on, after the IMF intervention, she pursued an export led economic growth policy (Gani & Prasad, 2007). She started diversifying her export basket to not only include agricultural products such as sugar cane but other products such as gold. Gradually, the service industry overtook the traditional export industry, to become the highest export earner for Fiji (Narayan, 2000). This industry was consisted mainly of tourist arrivals.
In this report, Fiji’s export industry is covered comprehensively and within the limited resources available at the time of writing. The core goal of the report is determining the potential of Fiji’s Export industry. In particular, the agricultural and services industry is reviewed. Linear programming model of total return from aggregate exports is used. This is done with the core aim of finding out what is limiting the growth of Fiji’s export industry and the best way to lessen the drastic changes in the export returns from year to year.
The aim of this report is to explore the returns and supply side constraints from a range of typical Fijian export, and also
30% of the GDP. Agricultural export is a major source of export earnings and it is the main source of employment and livelihood in the rural areas. Agriculture consists of three sub-sectors: subsistence smallholder farming, a commercial sub-sector, and large plantations (Central Bank of Solomon Islands, 2006, Annual Report 2005).
Over the past 20 years Australia’s expanding trade with Asia has taken on an important role in increasing the national income of Australians. After growing rapidly in recent years, China became Australia’s largest goods & services export market in 2010-11, rising from $1.6 billion in 1990-91 to $70.5 billion. Japan became Australia’s 2nd largest export market, increasing from $16.6 billion in 1990-91—ranked 1st—to $48.9 billion in 2010-11, followed by the Republic of Korea (up from $3.4 billion to $24.3 billion), India (up from $2.2 billion in 1998-996—ranked 13th—to $18.3 billion), and the United States (up from $7.8 billion to $14.2
The main Sri Lankan import business are Textile, fabrics, Mineral products, Petroleum, Foodstuffs, Machinery and transportation equipment. The country's economy was socialist oriented in the past, but in the present scenario the country has stepped forward for private participation and competitive environment. Agriculture, industry and services have their respective importance in contributing the Gross Domestic Product.
This paper discus the various problems that the developing countries face in international trade and their effect on the agricultural, industrial and service sectors. Some of these problems are external while
Foreign trade has played a crucial role in India 's economy growth. The composition and direction of India 's foreign trade has undergone substantial changes, particularly, after the liberalization process which began in the early 1990s. Our major exports now includes manufacturing goods such as Engineering Goods, Petroleum Products, Chemicals & Related Products, Gems & Jewellery, Textiles, Electronic Goods, etc. which constitute over 80 per cent of our export basket. On the other hand, major import items constitute capital goods and intermediates which not only support the manufacturing sector but also supply raw-materials for the export oriented
New Zealand and India share a positive and longstanding bilateral relationship. Despite strong growth in the past, the bilateral trade and economic relationship is currently under potential. Both the economies are complimentary to each other and there is considerable potential to increase the
The rest of the paper is organized as follows. In the next section, I reviews a number of relevant literatures on export pricing. I have not put any time restrictions in selecting my articles, as some of the old articles are relevant for exporters’ pricing decisions. In the following sections I depict my theoretical framework. The last section of the article indicates the limitations of this article and provides an avenue for future research.
Export have been increasing since the establishment of open market and economy to Foreign Direct Investment; and the greater increase was from 2000 to 2001 where increased by 8%. During 2015 the decrease of exports were affected by the fall of prices of commodities such as gas, aluminum, cotton and shrimps. Also import declined by 4.7%. But the expanding dependencies on imports still a major challenge for Mozambique.
An investigation will be carried out into the export of goods coming from Auckland Airport to investigate and analyse trends and to make a forecast. Further investigation into both imports and exports were also conducted to gauge the economic situation of New Zealand. The data provided is sourced from Statistics New Zealand Infoshare, recorded from 1988 to 2015 and records quarterly gross weight of exports in tonnes.
In the development of any country’s economy, exports play a crucial role. Export is the most important aspect of earning foreign exchange. A country should have to be equipped with natural resources, so that it can sell these resources into the
Sugarcane industry, today dominates the rural economy of Fiji and employs a large number of rural population. The first sugar, introduced by the European colonists, was produced in Fiji in 1862 around the flatland areas near Suva (now the capital city of the country) due to the availability of fertile alluvial soils (FSC 2014). However, after the first few years the center of production shifted to the rural western and northern parts of Fiji’s two biggest islands, Viti Levu and Vanua Levu (also known as the ‘cane belt area’), due to the fact that sugarcane needs dryer areas for better quality of sugar to be produced (Ward 1965; Mayer 1961). Whilst the majority of the growers are Fiji Indians, the land belongs to the indigenous Fijians
In case of Indonesia, there are also many researches discussing the export determinants. To begin with, Rahmaddi and Ichihashi (2012) analyze the Indonesia’s export performance during 1971 and 2007 according to both local and global indicators of supply and demand. They define the export demand as a function of export price, world price and world income. Then, the supply of export is represented by the price ratio of export and domestic commodities and the real output of a country. The authors combine those definitions into one simultaneous equation to be analyzed by using 2SLS estimation method. The results reveal that relative export cost and earning of trading partner countries significantly influence the Indonesia’s export demand and local price has a positive significant relation to the Indonesia’s supply of export.
Goods and services produced in a country and being sold outside is globally known as export (Mankiw, 2004:240). Suppose that a country do an International Trade and become an exporter of some goods, domestic producers will get more benefits, while local consumers will get loss because the local price is higher. However, government policy about the opening of international trade itself will be profitable for both concerned countries (Mankiw, 2006:221).For Indonesia, the activities of the export has been encouraged since 1983. In the same year, export was getting more attention in order to spur Indonesia economy growth. Indonesia slowly changes its strategy of industrialization, from the emphasis on import substitution industries to export promotion industries. Along with this new policy, the economy of Indonesia is getting better. It was proven in 2008 that the cumulative value of export reached USD 118,430million, in other words it increased by 26.92 percent, while for non oil and natural gas sector reached USD 92,260million or increased by 21.63 percent. The other sector, for instance agricultural, industry, and mining had also increased, each by 34.65 percent, 21.04 percent, and 21.57 percent compared to the previous year.
In recent years, India has become one of the biggest refined product exporters in Asia with petroleum accounting for around 20 percent of total exports. The country also exports: engineering goods (19 percent of the total shipments), chemical and pharmaceutical products (14 percent), gems and jewellery (14 percent), agricultural and allied products (10 percent) and textiles and clothing (10 percent). India’s main export partners have been: United Arab Emirates (12.1 percent of the total exports), the United States (12 percent), Singapore (4.5 percent), China (4.5 percent), Hong Kong (4 percent) and Netherlands (3.5 percent).
enhance the skills of workers and various incentives will be doled out to encourage and diversify exports. Besides, loan facilities at reduced interests will be arranged, infrastructural development activities will be geared up and establishment of backward and forward-linkage industries will be encouraged. Also, steps will be taken to develop utility services, install state-of-the art laboratories for controlling the quality of exports, set up product-based industrial zones or clusters, ensure easy availability of raw materials for exports, disseminate updated information to the producers on markets and technology on a regular basis, and ensure overall development of the Chittagong and Mongla Ports including further simplification of procedures for releasing goods. The Export Policy 2009-12 has underscored the need for expanding export, increasing the productivity of export-oriented industries and facilitating the overall development of the export sector through capacity building of local export-oriented industries. Five Business Promotion Councils are already in place under public-private partnership to enhance the capacity and awareness of the exporters and mitigate the supply constrains paving the way for enhanced uninterrupted supply of export products. The scope of these councils will be gradually expanded. Export statistics of