Vanuatu’s new industrial policy

29/09/2011

<p style="text-align: justify;">Through its newly established Department of Industry and Commerce, the Vanuatu government this week organised a full day consultation policy workshop on the new National Industrial Policy for Vanuatu.<!--more--></p>


[caption id="attachment_1705" align="alignright" width="348" caption="Participants of the Vanuatu’s National Industrial Policy Consultation Workshop. Photo / Vanuatu Dept. of Trade &amp; Industry"]<a href="https://pacifictradeinvest.com/PTI/wp-content/uploads/2011/09/Vanuatu-Policy-Consultation-Workshop.jpg"><img class="size-full wp-image-1705 " title="Vanuatu Policy Consultation Workshop" src="https://pacifictradeinvest.com/PTI/wp-content/uploads/2011/09/Vanuatu-Policy-Consultation-Workshop.jpg" alt="" width="348" height="160" /></a>[/caption]
<p style="text-align: justify;">The policy consultation workshop provides an avenue for all key stakeholders to provide their constructive views and concerns on domestic industry policy issues and agreed on a set of policy objectives and strategies as a way forward to guide or direct future government and donor resources into the sector. It was attended by key stakeholders from both the public and private sector in Vanuatu, trade policy analysts from the MSG secretariat and NGOs.</p>
<p style="text-align: justify;">The two main features of the policy recommendation echoed from long time private sector demands as immediate priorities are for the Government of Vanuatu through the Department of Industry and Commence together with UNDP’s financial assistance to establish a new private sector support facility.</p>
<p style="text-align: justify;">The second is to investigate the possibility of financing an established research facility for research, product innovation and technology for the manufacturing and export industries in Vanuatu.</p>
<p style="text-align: justify;">The financial and technical assistance support towards this project is provided by UNDP.</p>
<p style="text-align: justify;">This initiative is one of the priority policy mandates of the ministry of Trade; Industry and Commerce and Tourism in ensuring that a coherent Industrial policy framework is developed to facilitate and focus on the Industrial sector in Vanuatu.</p>
<p style="text-align: justify;">The workshop identified policy linkages to other key primary industries to enhance growth and create employment opportunities for Vanuatu’s young growing population.</p>

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