World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


New Initiative to Increase Investment in Pacific

New Initiative to Increase Investment in the Pacific Islands

Pacific Island economies and Australian companies will benefit from greater investment opportunities in the Pacific with the appointment of a Pacific Investment Commissioner.

The new position, a joint initiative of the Government's international aid agency, AusAID, and the Australian Trade Commission (Austrade) will help Australian companies identify opportunities for joint ventures and commercial partnerships in Fiji, PNG, Solomon Islands, Vanuatu, Samoa, Tonga, Kiribati, Cook Islands, Tuvalu, Nauru and New Caledonia.

"Increased Australian private sector investment will stimulate economic activity and employment in our largest aid recipient region: PNG and the Pacific," Foreign Minister Alexander Downer said.

"Aid alone cannot solve all the complex challenges facing Pacific countries. This initiative will help generate broad-based sustainable economic growth and greater self-reliance for the people of the Pacific Islands," Mr Downer said.

"The Pacific Investment Commissioner will be based in Sydney and work with Austrade representatives in the Pacific, as well as the broad range of agencies dedicated to assisting trade and private sector development in the Pacific Islands," Trade Minister Mark Vaile said.

The new position has been created to complement Australia's Pacific Regional Aid Strategy and will be initially funded for two years and then reviewed on its effectiveness in facilitating new, productive investment into the Pacific countries.

© Scoop Media

World Headlines


At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>



Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>


Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>


Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>


Gordon Campbell: On Bidding Bye Bye To Boris

Boris Johnson’s exit from the contest for Conservative Party leadership supports the conspiracy theory that he never really expected the “Leave” option to win the referendum – and he has no intention now of picking up the poisoned chalice that managing the outcome will entail... More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news