Home BizClim News

Europe and the Pacific regions will see the launch of a joint Business Forum at the occasion of upcoming meeting of the ACP-EU Council of Ministers

 

A 2-Day meeting of high-level officials and business leaders from the Pacific region, themed “Enhancing Pacific business climate for future prosperity” concluded successfully on January 24. Participants to this meeting discussed the business environment in their respective countries, ongoing reforms and actions that need to be taken to make the Pacific region business and investor friendlier.

The Government of Vanuatu echoed a key recommendation, out the the meeting, to set up a Pacific-EU Business Forum to foster business and investment between Europe and the Pacific. Time for the creation of this Forum is now. Participants to the meeting agreed that such Forum would not only be a useful platform for promoting trade and investment between Europe and the Pacific but also a driver of change in the Pacific itself.

The proposed Forum will convene for the first time on the fringes of the upcoming ACP-EU Joint Council of Ministers, due to take place in June of this year in Port Vila, Vanuatu.

The government of the Republic of Vanuatu as requested from BizClim support to the organisation of the Pacific-EU Business Forum as a side-event of the Council of Ministers’ meeting. BizClim’s support would make it possible for private sector representatives and business leaders to discuss ways and means for creating an enabling environment for joint-ventures, business cooperation and trade between the two continents.

The Forum is expected to bring together more than 100 participants from across Europe and the Pacific, enabling them to conduct a structured dialogue on relevant business environment issues. Efforts will be made to enlist the interest of European private sector organizations to actively take part in the Forum and seize the opportunity to cement relations with counterparts in the Pacific.