MSG trade ministers meet

By: Silina Navuso


Screen shot 2015-08-31 at 6.30.34 PMThe Trade Ministers of the Melanesian Spearhead Group were today briefed on a 90 million dollar trade increase between MSG countries.

This means creating economic links and laying the foundation for new trade.

“In terms of numbers, trade flows within the MSG countries have been flourishing in the region in recent years. And over a 5 year period from around 2010 to 2014 a total trade value between the MSG countries grew from $79m to $169m representing an increase of 114 percent,” said Minister for Trade, Faiyaz Koya.

He adds the development of the private sector should not dwell on the political environment of the past.

“In addition our collaboration on the trade front has also been boosted with investment flows from within the MSG region for e.g PNG has invested in the financial and tourism sectors in Fiji while Fiji continues to invest in the retail and manufacturing sectors in PNG and other MSG countries,” Koya said.

The Minister further challenged members to build on the successes of the present to give the MSG countries a better future.

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