PT&I leads Islands’ private sector team at Commonwealth Business Forum


<p style="text-align: justify;"><strong>Pacific Islands Trade &amp; Invest</strong> led a team of private sector representatives from seven Commonwealth Forum island countries at the Commonwealth Business Forum ahead of CHOGM in Perth this week.<!--more--></p>
<p style="text-align: justify;">The representatives were from Samoa, Tonga, Tuvalu, Solomon Islands, Vanuatu, Papua New Guinea and Nauru.</p>
<p style="text-align: justify;">This was the first ever time that the Pacific private sector was represented at the business forum. The three-day forum offered a number of opportunities for the private sector members to listen to experts in a range of fields as also forge contacts with governments, investors and businesspersons from 54 Commonwealth nations from across the world.</p>
<p style="text-align: justify;">The announcement of the signing of a memorandum of understanding between PT&amp;I and the Commonwealth Business Forum stirred much interest among the delegates. The MOU now allows the drawing up of a framework in the coming months for the Pacific Islands to do business with the body of Commonwealth nations, which account for one-fifth of global trade.</p>
<p style="text-align: justify;">Meanwhile, the PT&amp;I team set the ball rolling on developing relationships with a number of large Commonwealth players including India, Sri Lanka and Mauritius. Over the coming months, PT&amp;I and these countries will explore ways and means to develop business, trade, investment and exchange knowledge and technology with the Pacific Islands on areas of mutual interest.</p>
<p style="text-align: justify;"><strong>Pacific Periscope</strong> will keep readers informed on these developments regularly.</p>