Pacific Island business registries attend workshop in Auckland
Officials from several Pacific Islands including Tonga, Samoa, Vanuatu, Papua New Guinea, the Cook Islands and the Solomon Islands attended a workshop on developing and reforming business registries in the Pacific Islands. Business registries – which gather information on companies – make it easier for suppliers to find each other or for customers to find manufacturers.<!--more-->
Facilitated by the Asian Development Bank (ADB) and New Zealand’s Ministry of Economic Development, experts from various fields such as information technology, digital security and corporate law addressed the group, which also comprised individuals from the private sector.
Business registries are being developed in several Pacific Island countries with help from ADB. “Modern and efficient business registries help reduce the cost of doing business, encourage compliance, and ensure fair trading and consumer protection through appropriate regulation," said Eugenue Zhukov, Regional Director of ADB’s office in Australia.