PIF Secretary General urges greater Chinese investment

2013-10-11T00:00:00Z

Outlining growing trade and investment opportunities around the Pacific Islands region, Pacific Islands Forum Secretary General Tuiloma Neroni Slade has urged Chinese investors to build on the strengthening trade and economic relationship between China and the island nations that has developed over the past several decades.<!--more-->

Speaking at the second China-Pacific Islands Countries Economic Development and Cooperation Forum in the southern Chinese city of Guangzhou last week, Secretary General Slade outlined the many opportunities that Chinese investors could tap in sectors ranging from tourism, agriculture, fisheries and natural resources to information technology, infrastructure, transportation and services.

“Let me say it very clearly: we welcome investments from China,” Mr Slade said at the event that representatives from Fiji, Papua New Guinea, Vanuatu, Samoa, the Cook Islands, Tonga, Niue and Micronesia attended.

Highlighting the role the Pacific Islands Forum Secretariat’s trade and investment arm <b>Pacific Islands Trade &amp; Invest</b> <b>(PT&amp;I)</b> played in the region, the Secretary General said, “<b>PT&amp;I</b> has a presence in Beijing and is an integral part of the network of PT&amp;I Offices that the Pacific Islands Forum Secretariat has in Auckland, Sydney and Tokyo, including a desk in Geneva to develop, grow and promote industry and the businesses of all Forum countries, in particular the fourteen Pacific island countries in export, investment and tourism promotion across international markets.”

He acknowledged the assistance of the Government of the Peoples Republic of China in providing support to <b>PT&amp;I</b> Beijing in the important role that the office plays in facilitating friendship and economic cooperation between China and the Pacific island countries. “We deeply appreciate this assistance,” he said.

“The various networks that the <b>PT&amp;I</b> Beijing Office has built with China reflect both national and regional interests.  Innovative concepts such as twinning arrangements between Pacific islands business organisations and their counterparts in Chinese regions need to be explored further. Accordingly, the Forum Secretariat continues to seek the support of Pacific island countries, and China, in advancing the work of the <b>PT&amp;I</b> Beijing Office.”

The <b>PT&amp;I</b> Beijing team was in Guangzhou during the event.

Meanwhile, China announced a $1 billion loan for Pacific Islands Countries during the event.<b> </b>Construction projects, new medical facilities, trained medical personnel and green energy projects are some of the initiatives that the $1 billion concessionary loan from China will help fund in the Pacific Islands region. Chinese Vice Premier Wang Yang made the announcement at forum.

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