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


Tuvalu Eyes Trade to Promote Development

Tuvalu Eyes Trade to Promote Development

[Funafuti – 30 Jan, 2013] Tuvalu is looking to trade to achieve some of its key development objectives, including alleviating poverty. The Tuvalu Government is seeking to achieve this through the Trade Capacity Building and Institution Strengthening project, launched today. The project will assist the Department of Trade, the private sector and civil society in strengthening their capacities to formulate, implement and assess trade policies.

A Diagnostic Trade Integration study conducted in 2010 shows that Tuvalu has the potential to increase its import earnings while at the same time improve the quality of life of the people through increased livelihood opportunities and food security. However, before it can do so, its policies and processes need to be strengthened. The target areas are those that are currently bringing in foreign exchange. This includes its labor mobility market, for example, seamen working in foreign owned vessels, and earnings from fishing licenses.

A modern, coherent, sustainable and inclusive trade policy is essential for Tuvalu’s integration into the global trade arena. The policy should be aligned to the national development policies, addressing climate change, poverty reduction, health and food security that voice the aspirations of the population at large, including women and vulnerable groups. The project aims to better prepare the country in terms of its negotiations in regional and international forums and in exploring opportunities for better returns for its citizens. Key to this is the capacity building of government institutions working in the area of trade; developing trade policies that support poverty reduction, inclusive economic growth and equitable sustainable development; as well as supporting the private sector, civil society and other stakeholders to enhance trade. The project will also help improve donor coordination, and Aid for Trade in line with the Paris Declaration on Aid Effectiveness.

The Tuvalu Trade Capacity Building and Institution Strengthening will be managed by the United Nations Development Programme (UNDP) and implemented through the Ministry of Foreign Affairs, Trade, Tourism, Environment and Labour. The project, which has received USD$1.1 million funding from the Enhanced Integrated Framework for Trade Related Activities in Least Developed Countries (EIF) – a multi donor trust fund based in WTO Geneva, will run for three years and end in 2015. The project was launched in Tuvalu today by the Deputy Prime Minister and the Acting Minister for the Ministry of Finance and Economic Development, Hon. Kausea Natano, together with the UNDP Deputy Resident Representative Ms. Akiko Fujii. Prime Minister Hon. Willy Telavi and his wife were also present at the launch.


© Scoop Media

World Headlines


Haiti: $5 Million To Kick-Start Aid In Wake Of Hurricane Matthew

UN emergency fund allocates $5 million to kick-start assistance in wake of Hurricane Matthew More>>


Not Helen Clark: António Guterres Favourite For Next UN Secretary-General

Former Portuguese Prime Minister António Guterres has emerged as the clear favourite to become the next United Nations Secretary-General following the sixth secret ballot held today by the UN Security Council, which is expected to take a formal decision tomorrow and forward Mr. Guterres’ name to the 193-Member General Assembly for final confirmation. More>>


Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>


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

Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news