Forum brings EU, Pacific businesses together to discuss trade issues
A first ever Pacific–European Union (EU) business forum organised in collaboration with PIPSO (Pacific Islands Private Sector Organization) and the Vanuatu government, with the support of the ACP Business Climate facility (BizClim) has been held this week in Port Vila, <!--more-->Vanuatu. The forum presented opportunities for entrepreneurs from both regions to discuss and forge partnerships and make their views known, according to the Vanuatu Daily Post.
The organisation of a first Pacific-EU Business Forum, on the fringes of the ACP-EU Joint Council of Ministers meeting has provided business representatives with an opportunity to voice concerns, hopes and aspirations. Business driven reforms need to boost the business climate and prospects for enhanced cooperation between European and Pacific businesses.
It is hoped the forum will create awareness about the Pacific-EU Economic Partnership Agreement (EPA) and the opportunities it provides for private sector development and growth. European countries and 14 Pacific ACP States have pinned their hopes on a new EU-Pacific EPA that will bring together two regions and go beyond the current, sometimes limited, trading arrangements for Pacific goods and services entering the European Union.
The two-day event targeted private sector development, bringing together about 100 businesses from the Pacific and European regions.