Pacific Trade Invest (PTI) Australia facilitated A$23.5million in exports and A$2.29million in investment working with 981 businesses across the Pacific Island Forum nations. This has been revealed in its annual report for 2018 released recently. Caleb Jarvis, PTI Australia Trade & Investment Commissioner said, “In 2018 we looked at how the digital revolution should inform our programs and work in the Pacific. New funding platforms like crowdlending, crowdfunding and impact investments are well suited to the Pacific region.
The under-utilisation of e-commerce in the Pacific Islands drove the launch of PTI Australia’s Digital Trade program in 2018. As part of the program, PTI Australia developed and facilitated e-commerce workshops (with an Amazon focus) in Samoa and Fiji.
Dame Meg Taylor, Secretary General of the Pacific Islands Forum Secretariat said, “In 2018, PTI Australia assisted 278 women-led businesses; their efforts to support women’s empowerment through business should be applauded.”
PTI Australia’s Pacific Islands Export Survey was expanded to better understand Pacific exporters’ use of digital channels. The 2018 results provided governments and the private sector with insights to stimulate export growth.
“Connectivity and technology have rapidly changed the trade and investment landscape, 2018 saw us develop and further strengthen our key focus areas of trade, investment and tourism.
“In 2018, we took a step closer to achieving our Vision of improving the livelihoods of Pacific people by enabling decent work and economic growth in the Blue Pacific; Facilitating trade and investment and assisting business from across the Pacific.”
On the tourism front, PTI Australia worked to increase the digital capacity of tourism operators in partnership PTI Australia’s Digital Tourism Workshops, which were delivered in the Cook Islands, Fiji, Niue, PNG, the Solomon Islands and Vanuatu, along with local tourism authorities, with a virtual workshop delivered in collaboration with the East-West Center in Hawaii to delegates representing eight Pacific nations.
PTI Australia focused on women’s entrepreneurship in 2018. “Our commitment to empowering Pacific women in business saw us work with 278 women-led businesses in 2018 facilitating 218 deals with A$6.03m in exports facilitated,” Mr Jarvis said.
“Community is important; we couldn’t do this alone. What we achieved is a testament to the commitment of our team, partners and network. Together, PTI Australia is so much stronger.”
He acknowledged the Pacific Islands Forum Secretariat and the Australian Government which have supported us and our work in the Pacific for the past 40 years.
The annual report can be downloaded from PTI Australia’s 2018 Annual Report (4MB)