Vanuatu’s economic growth in recent years is driven largely by tourism and construction, according to the Vanuatu Chamber of Commerce and Industry (VCCI).“Business has rebounded from the effects of Cyclone Pam of 2015 and there are certainly opportunities for New Zealand businesses to participate through investment and trading including agriculture, wholesale and retail trade, hotels and restaurants, transport and communication,” says Astrid Boulekone, VCCI General Manager.
VCCI is leading a delegation of three Vanuatu companies to the Pasifika Business Market at the Pasifika Festival in Auckland this weekend.
The event is an initiative of Pacific Trade Invest (PTI) New Zealand as part of its Path to Market programme that helps build capacity of Pacific Island exporters to find distributors and buyers for their products in New Zealand.
“It is a good opportunity for Vanuatu businesses to learn to promote, showcase, and sell their products overseas in New Zealand. It provides a learning experience, exposure and a market testing of their products by clients and visitors who will taste product samples and provide feedback during the event,” Ms Boulekone said.
Vanuatu offers an environment with rich volcanic lands, which have enabled the production of quality food products like kava, coffee, virgin coconut oil (VCO), quality handicrafts, health and beauty products and much more.
“Investment in the growth sectors of agriculture, value added manufacturing and tourism makes Vanuatu a unique and authentic destination for investors.
“Recent investments in infrastructure developments on Vanuatu’s major wharfs, upgrade on international airports, roads and telecommunications will broaden the reach of business markets and sources and give confidence to investors that Vanuatu is open for business,” she added.
Added to all this, a newly operational privately developed fibre-optic cable and the associated industry zone creates new opportunities in the ICT and related sectors.
“At the Pasifika Business Market, Vanuatu businesses will evaluate their current achievements against the need to improve their products to meet client taste, needs and NZ market requirements.
“PTI’s efforts on creating such opportunities for the Path to Market participants have been great. The VCCI strongly believes in building effective business relationships between NZ and Vanuatu to support investment and economic growth in Vanuatu. In facilitating participation of Vanuatu businesses in this event is a great way to further develop these connections,” Ms Boulekone said.
PTI NZ partnered with VCCI as the lead EDA in Vanuatu to host Path to Market workshops in the capital Port Vila last year.
For more information email PTI NZ Trade Development Manager Ian Furlong at email@example.com