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Pacific Trade Invest NZ Unveils 2024 Freight Support Programme for Pacific Exporters

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The Fiji Times » 93pc firms note decline in revenue

Wanshika Kumar Picture: ABISHEK CHAND Approximately 93 per cent of businesses in Fiji have experienced a decline in revenue because of COVID-19. This, according to a Pacific Trade Invest Network survey conducted this year involving 157 businesses across 16 Pacific Island countries, as highlighted in the 2020 Biennial Pacific Sustainable Development report. The report indicated a need for dramatic actions to protect the economies of developing countries. “Unless dramatic action is taken to protect the economies of developing countries and address social disruption, the COVID-19 pandemic could set the fight against poverty back by a decade and in some Pacific Island countries by as much as 30 years,” the report stated.

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