The ongoing impact of the COVID-19 pandemic has affected shipping routes and increased costs of shipping. Despite reforms to improve the ease of doing business, businesses continue to experience a slow bureaucracy with lengthy wait times due to inefficient and inconsistent processing of government approvals and licenses and customs clearance. Fiji’s infrastructure such as roads and bridges also lack maintenance, and the cost of utilities is relatively high, especially power and communications. Fiji’s geographic location and time differences is also a challenge for businesses in the United States. The Fiji government’s tax regulations and foreign exchange requirements on profit remittance is a common challenge experienced by foreign businesses.
Market Challenges
Last published date: 2022-07-31