Pacific Trade Invest NZ addressed business leaders from the Chinese community at an investment seminar last week in Ellerslie, Auckland. The seminar was aimed at informing participants on the opportunities in Samoa and was the second held this year.
Tate Hui, Chairman of the Kawawaka Pacific Partnerships opened the seminar and noted the special attendance of Commercial Consul Magele Mauiliu Magele, Consulate-General of the Independent State of Samoa and Manuel Valdez, Pacific Trade Invest NZ Chief Investment Officer.
Mr Valdez presented overall on the role of Pacific Trade Invest (PTI) NZ in promoting and facilitating investment between New Zealand into the Blue Pacific economies.
He raised the point that investment is a key driver of sustainable economic development. It encourages productive capacity, job creation and income growth across the main sectors of our economies.
“While we are experiencing logistical issues during this COVID crisis in not being able to travel across borders it doesn’t mean we should refrain from promoting investment in a physical sense. We are fortunate current New Zealand levels permit people to people exchanges domestically. PTI NZ has harnessed this opportunity to target the diaspora business communities in Auckland,” he said.
Samoa has had a particularly rough 12 plus months. The economy suffered from the measles outbreak in late 2019 and while there are no confirmed cases of COVID-19 the country is taking a careful approach with borders remaining closed.
Mr Valdez says Samoa offers attractive industry incentive packages with low inflation rate, a balanced budget, and international reserves.
“While the global pandemic has been challenging on all fronts, countries in the Blue Pacific are making concerted efforts to boost the investment regulatory environment.”
Presenting after Mr Valdez was Commercial Consul Magele who went into detail about the ease of doing business with Samoa, and highlighted opportunities in a number of sectors that are currently open to investment.
Commercial Consul Magele said it looks hopeful that Samoa will reopen in the first quarter of 2021 calendar year.
“Samoa is a fantastic country to invest in and we are one of the easiest countries to do business within the Blue Pacific.
“Our stable political system which is based on strong social and cultural structures offers competitive wage rates.
We also have well-developed, reasonably priced hard infrastructure set up including telecommunications, water, and electricity.”
PTI NZ conducts bespoke investment opportunity seminars for potential investors who may be interested. We can offer a broad cover of all Pacific Forum countries or we can tailor countries to suit your requirements.
If you are interested in learning more, please reach out to Chief Investment Officer Manuel Valdez.