Easy to do business in Fiji, says report
Last updated 5/26/2008
Fiji has been ranked the highest in the Pacific as a country where they can easily do business according to a recent World Bank report. The report titled “Doing business in small islands developing States 2008” covers figures collected between April 2006 and June 2007.
The report highlighted areas compatible for developing countries to do business.
Fiji is ranked fourth against 32 other developing countries and ranked just below Singapore, Maurictius, St Lucia and Mauritius and ranked 36 in the world economies rank.
The report found that small island developing states like Fiji performed well in three Doing Business areas, dealing with licenses, employing workers and paying taxes, relatively well on the ease of starting a business, protecting investors, and trading across borders.
According to the report, priorities for reform in most of these countries are closing a business, getting credit, registering property, and enforcing contracts. Doing Business analyses government regulations that enhance business activity and those that constrain it in 178 countries, including 32 SIDS economies: Antigua and Barbuda, Belize, Cape Verde, Comoros, Dominica, Dominican Republic, Fiji, Grenada, Guinea-Bissau, Guyana, Haiti, Jamaica, Kiribati, Maldives, Marshall Islands, Mauritius, Micronesia, Palau, Papua New Guinea, Samoa, São Tomé and Principe, Singapore, St.Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Seychelles, Solomon Islands, Suriname, Timor-Leste, Tonga, Trinidad and Tobago, and Vanuatu.
They recommended for country’s to learn from each other and that if they were to adopt the practices of each top performer in the region on the 10 areas measured by Doing Business, they would rank second globally on the overall ease of doing business.