Inaugural Pacific Export Survey results released
<strong>Pacific Islands Trade & Invest</strong> <strong>(PT&I)</strong>, in collaboration with the Australian Department of Foreign Affairs and Trade recently undertook the region’s first ever Pacific Export Survey earlier this year. <!--more-->The purpose of the study was to examine the business outlook of Pacific Islands’ exporters, identify changes in overseas market demand and provide insights into factors impeding trade.
All over the world, Export Surveys are carried out to provide the public, private and civil sectors with a more robust understanding of international trade, and opportunities for export-led economic growth. The response to the Pacific’s first ever Export Survey garnered over 350 responses from all 14 Pacific Island countries.
It is anticipated that this project will become an annual study, which will give our region’s exporters the opportunity to voice their opinions, while also helping stakeholders get a clearer picture of the region’s export landscape.
The survey analysis, carried out by the Asian Development Bank, found that while Australia and New Zealand remain the region’s main export markets, Pacific Islands exporters believe that the largest increases in the coming 12 months will emanate largely from Asian markets. Despite the relatively small size of Pacific Island economies, the proximity to Asia provides real prospects and opportunities for growth in trade between these two regions.
While the report also outlines some of the challenges facing exporters, it suggests that both business confidence and dynamism exist in the region. Indeed Pacific exporters are optimistic about the future, and are eager to internationalise their businesses.
Finally, it gives <b>PT&I</b> great pleasure to award one of the survey participants, Basile Malily, of the Cocoa Growers Association of Vanuatu with the prize of a brand new Apple iPad valued at A$598. Mr Malily was randomly selected from the list of participants. Congratulations!
As the regional Trade Commission of the Pacific Islands, <b>PT&I</b>’s network of five offices are poised to connect our region’s exporters with buyers in global markets. We are looking forward to a strong year of export growth and dedicated service to the private sector.
The Executive Summary report of the survey is available at <a href="http://www.pacificexportsurvey.com"></a>. If you would like the full report, please let us know. Readers may also be interested in listening to Radio Australia's interview with Tim Harcourt, from the University of NSW (<a href="http://www.radioaustralia.net.au/international/radio/program/pacific-beat/surprising-results-from-the-biggest-ever-pacific-exporter-survey/1350238">click here</a>).