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

 

Pacific: OCTA Enters Funding Agreement with New Zealand

The Office of the Chief Trade Adviser Enters Funding Agreement with New Zealand

Vanuatu, August 12, 2011

The Office of the Chief Trade Adviser (OCTA) has entered a two-year grant funding arrangement for NZ$1.3 million (US$1million) with the Government of New Zealand on 7 July 2011.

The OCTA was established in March 2010 to provide independent advice and technical support to Forum Island Countries (FICs) in the PACER Plus negotiations with Australia and New Zealand. It is wholly controlled and owned by the FICs.

In October 2009, as part of the agreement to commence PACER Plus negotiations the Governments of Australia and New Zealand committed to fund the OCTA, with contributions of AU$500,000 and NZ$650,000 per annum respectively for a period of 3 years.

In the first year funding was provided under an interim arrangement through the Pacific Islands Forum Secretariat.

After the first year the OCTA was required to conclude new direct funding arrangements with Australia and New Zealand.

Forum Trade Ministers agreed in May 2001 that funding arrangements between development partners and the OCTA should not compromise the independence and integrity of the OCTA operations and activities. The funding arrangement with New Zealand has been designed to protect the integrity of the advice and support provided by the OCTA to the FICs, while ensuring full accountability for funds received.

Peter Shanel, Solomon Islands Minister for Foreign Affairs and External Trade and the Chair of the OCTA Governing Board said: “We thank the Government of New Zealand for the provision of funding for our second year of operation in a way that respects the FICs’ wish to preserve the independence of the OCTA. The fund will allow us to continue providing independent advice and technical support to our members”.

The Agreement also does not preclude other funding sources from contributing to the establishment or implementation of the OCTA and its work programme.

The OCTA is hopeful of concluding a similar funding agreement with Australia shortly.

ENDS

© Scoop Media

 
 
 
World Headlines

 



UN: Conflict, COVID, Climate Crisis, Likely To Fuel Acute Food Insecurity In 23 ‘Hunger Hotspots’

Life-saving aid to families on the brink of famine is being cut off in several countries by fighting and blockades, the UN's Food and Agriculture Organization (FAO) and World Food Programme (WFP) said in a new report issued on Friday... More>>


Oxfam: Vaccine Monopolies Make Cost Of Vaccinating The World Against Covid At Least Five Times More Expensive Than It Could Be

The cost of vaccinating the world against COVID-19 could be at least five times cheaper if pharmaceutical companies weren’t profiteering from their monopolies on COVID-19 vaccines, campaigners from the People’s Vaccine Alliance said today...
More>>

Afghanistan: Record Number Of Women And Children Killed Or Wounded

More women and children were killed and wounded in Afghanistan in the first half of 2021 than in the first six months of any year since records began in 2009, a United Nations report revealed on Monday... More>>


Focus On: UN SDGs



Food Systems: More Than 100 Countries Discuss Visions For Futures To Accelerate Global Action Ahead Of September Summit

More than 100 countries came together over the course of three-days to discuss how they will transform their national food systems to drive progress against the Sustainable Development Goals by 2030... More>>


Food Systems: Italian & Rwandan Leaders Join Urgent Call To Transform World’s Food Systems As Pre-Summit Begins

Italian Prime Minister Mario Draghi and Rwandan President Paul Kagame stress need for more inclusive, sustainable and holistic approaches ahead of the Summit in New York in September... More>>


UN: Play:Fair For People And Planet – A Major United Nations Music Activation
organized by the UN SDG Action Campaign in partnership with Music Innovation Hub, Keychange, the city of Milan, the Milan Triennale, and partners from the SDG Music Network, will be held at an unexpected location in the center of Milan, Italy, taking into account safety measures with a limited on-site audience consisting of activists and fans... More>>