TITLE:
Analysis of Fijis Regional Trade Using Gravity Model
AUTHORS:
Nakisha Natasha Bi, Ximei Kong
KEYWORDS:
Regional Trade, Exports, Trade Agreements, Pacific Forum Island Trade Secretariat (PIFS), Gravity Model of Trade
JOURNAL NAME:
Open Journal of Business and Management,
Vol.10 No.1,
December
17,
2021
ABSTRACT: Regional trade is equally important for countries as international trade.
The Pacific Islands Forum Secretariat (PIFS) is the body that facilitates
regional trade in the Pacific by implementing and upholding free trade
agreements between its member countries. This paper looks at the trade
agreements that Fiji is part of and determines the export levels of commodities
trade with its regional partners. Fiji’s export in 2019 totals $1,032,914.40 (US
thousand) of which approximately forty-one percent (40.85%) is exported to
regional countries. Its leading export commodity to regional countries in 2019
includes food products and fuel worth $72,228.62 (US
thousand) and $70,818.74 (US thousand) respectively.