Top 8 issues emerge at Pacific Business Registries Workshop
Top 8 issues emerge at Pacific Business Registries Workshop
SYDNEY, AUSTRALIA – The 4th Pacific Business Registries Workshop, a two-day event co-hosted by ADB and the New Zealand Companies Office (NZCO), was held earlier this week in Sydney and over the course of discussions among experts and officials from 10 Pacific island nations, eight key issues emerged that will occupy the Pacific's registry developers, in the short to medium term (ranked in order of importance):
1. E-payments/Online
Payments – in an age of booming e-commerce
several registries still labour under cumbersome and time
consuming payments systems;
2. Ongoing support
and upgrades for registries – the technical
assistance from development partners is valued but the
demand for assistance is currently outstripping
capacity;
3. Linkages with other
registries – countries should be developing their
online registries to account for expansion to other
categories such as tax, customs and
charities;
4. Legislation –
compliance/enforcement are key and need to be undergoing
constant process improvement;
5. Data
reporting – more functionality and software
development is needed to meet constantly expanding needs of
business and government;
6. Clarity around
secured transactions – perceived as a complex
area, governments need to ensure secured transactions
frameworks are adequately understood both within government
and among the broader public;
7. Awareness
raising programs – countries need to ensure
their citizens are aware and educated about business
registries to encourage their use;
8. The Digital
Divide – the gap between who does and does not
have access to the internet and connectivity must be bridged
and until it is, analogue systems that people know and trust
should be maintained.
9.
The workshop was again
moderated by advisors from the Pacific Private Sector
Development Initiative (PSDI). Since 2007 PSDI and its partners have assisted in
the implementation of electronic business registries in
eight Pacific countries: Federated States of Micronesia,
Marshall Islands, Palau, Solomon Islands, Tonga, Vanuatu,
Papua New Guinea, and Samoa.
Participants heard first-hand updates from individual countries, complemented by technical presentations covering the latest international trends in electronic payments systems, e-government, and implementation options. What became clear is that while some countries are facing challenges, the Pacific as a region is leading the world in harnessing the power of registries to drive private sector and economic development.
ENDS