Business mission for Solomon Islands in March

2014-02-01T11:00:00Z

<span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: Cambria;">The Australia Pacific Islands Business Council, with support from Austrade, is inviting businesses to participate in a trade mission to the Solomon Islands beginning March 10.<!--more--></span></span></span>

<span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: Cambria;"><a href="https://pacifictradeinvest.com/PTI/wp-content/uploads/2013/12/Solomon-Islands-Flag.jpg"><img class="size-full wp-image-5616 alignleft" alt="Solomon Islands Flag" src="https://pacifictradeinvest.com/PTI/wp-content/uploads/2013/12/Solomon-Islands-Flag.jpg" width="138" height="104" /></a>The Solomon Islands economy is accelerating its recovery from the severe economic contraction and stagnation caused by ethnic tensions experienced from 2000 to 2003. The economy grew at over seven per cent per annum between 2004 and 2008, recording some of the highest growth rates in the region. </span></span></span>

<span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: Cambria;">The Solomon Islands offers solid opportunities for the international business community in areas such as mining, infrastructure, services, tourism development, sustainable forestry, agri-based industry and fisheries. With social and political stability back in place, a Foreign Investment Act attracting investors and a Government committed to a sustainable medium-term fiscal strategy, the Solomon Islands is now emerging from its recent troubles.</span></span></span>

<span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: Cambria;">The country’s main exports are commodities and include timber, fish, cocoa and copra. The mining sector is growing: the Gold Ridge gold mine near Honiara restarted production in March 2011. A significant nickel deposit on the island of Isabel is moving towards commercialisation. Some fourteen sites across the country are under active exploration. The logging industry accounts for around 70 per cent of export earnings and 10 per cent of government revenue, but is expected to decline.</span></span></span>

<span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: Cambria;">The mission offers participants a prearranged business programme, including optional targeted site visits depending on chosen industry sector; invitations to all networking functions during the mission; invitations to market briefings during the mission. 
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<span style="font-size: medium;"><span style="color: #000000;"><span style="font-family: Cambria;">For more information, please contact Frank Yourn, Executive Director, Australia Pacific islands Business Council, Tel: +61 7 3348 5142 or + 61 412 608 195, email: yourn@apibc.org.au.</span></span></span>