New business mission to Solomon Islands announced

22/11/2012

A new business mission jointly organised by the Australia Pacific Islands Business Council and Austrade, aims to provide opportunities for Australian companies to explore investment, trade and business in the Solomon Islands’ impressively growing economy.<!--more-->

<a href="https://pacifictradeinvest.com/PTI/wp-content/uploads/2012/11/300x200-Solomon-Islands-Flag.jpg"><img class="aligncenter size-full wp-image-4126" title="Solomon-Islands-Flag" src="https://pacifictradeinvest.com/PTI/wp-content/uploads/2012/11/300x200-Solomon-Islands-Flag.jpg" alt="" width="300" height="200" /></a>

&nbsp;

A range of opportunities for the international business community in areas such as mining, infrastructure, services, tourism development, sustainable forestry, agribusiness and fisheries are increasingly becoming available in the Melanesian nation.

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 as a growth economy.

Agriculture and fishing provide the mainstay of the Solomon Islands economy, employing up to 75% of the workforce, with most working in subsistence agriculture. A warm, tropical climate, good soils and reliable rainfall make the Solomon Islands an ideal place to produce a range of agricultural commodities.

The major cash crops are palm oil, copra, and cocoa. A small amount of coffee is produced. While exports of cocoa and copra are on a fairly small scale, they have enjoyed strong growth in recent times, partly thanks to higher international prices.

Last week, Caleb Jarvis, Trade Commissioner, <strong>Pacific Islands Trade &amp; Invest</strong> (PT&amp;I) was elected Vice President of the Australia Pacific Islands Business Council, a sister organisation of the Australia Solomon Islands Business Council, which is leading the mission.

For more information on the mission visit www.apibc.org.au or email businessmission@apibc.org.au.

&nbsp;

©2018 by Pacific Trade Invest