The facts) show 2006 was our best year ever for foreign investment as % of GDP
The Fiji Sun has dared to publish a few selected facts about foreign investment. It fell from US$341 million in 2008 to US$ 164 million in 2009 and then, after some recovery, FDI in 2013 was US$272 million. What the Fiji Sun doesn’t dare say is that 2006 was the highest ever year for foreign investment in Fiji. The Qarase mutli-party government is the only truly representative government we’ve ever had and foreign investors were inspired, thinking this must mean the end of coups. How wrong they were. Since then foreign investment has not only fallen, it’s also been limited mostly to Chinese investment bent on plundering our natural resources. The Fiji Sun quotes some interesting points from a UN Report on foreign investment. It dismisses the sort of sweetheart deals offered by Bainimarama to his Chinese friends and says “What is needed is assurance of stability, enforcement of property rights and contractual obligations and quick legal remedies”. In other words dictatorship with a stacked court system are the last thing we need.