Download PPT Presentation - Regional Policy Briefings

Role of the Private Sector in
Enhancing Sustainable Trade and
Investment
Presentation by the Chairman of PIPSO, Mr
Hafiz Khan
Mauritius, 23-24 April 2012
Challenges of the Private Sector in the Pacific Region
 Small size economies and widely spread across the Pacific Ocean
 Low Investment Levels
 Lack of access to Finance
 Political Instability, law and order and corruption
 Poor Infrastructure – High Cost of Fuel, Transport & Telecommunication
 Legal systems are outmoded and regulatory
 Lack of Engagement of Government with Private Sector
 Limited engagement of Private Sector in Trade Talks to craft
agreements and programs
 Climate Change
 Lack of Support for Private Sector organisations both at national and
regional level
Key Elements to Facilitate Sustainable Growth in the
Private Sector
 Stable Government and Political Environment
 Increase Level of Investments – Both Domestic and Foreign
 Adequate Infrastructure
 Increase Incentives for alternative Fuel Source – Green Energy
 Reform outdated laws and lessen regulatory burdens on
companies
 Increase Government and Private Sector Dialogue
 Increase Private Sector Engagement on Trade Talks
 Improve access to Finance – regional fund facility
 Business Development Support - to improve product quality
and market access
Incentives to be in Place to Promote Regional Trade &
Value Addition in Agriculture Products
 Accelerate the harmonization of bio-security and customs
arrangements for the Pacific Islands to increase intra regional
trade
 Increase private sector participation in trade consultations and
negotiations before reaching the final agreement
 Increase business development support to private sector to
improve product quality, certifications, standards for export
purposes especially for agriculture products
 The need for a regional testing facility to test product quality for all
exported products from the Pacific
 Increase Trade Missions Support within the Pacific and to
International Markets
 Increase technical assistance in the area of value adding for
agriculture products