By ANDREW FANASIA
THE Government and the private sector need to foster their relationship and explore opportunities to enhance cooperation with each other.
Prime Minister Rich Hou stated this when addressing the inaugural “Prime Minister’s Breakfast” event on Wednesday.
Solomon Islands Chamber of Commerce and Industries(SICCI), which represents the private sector, organised the event.
“This forum provides an important opportunity for the Government to share with the private sector its plans for development of our country,” Mr Hou said.
“As well it provides an excellent platform through which we can further cement our relationship,” he added.
Mr Houstated that the Government appreciates the important role private sector plays as the main driver for sustainable economic growth in the country.
“I have to say that we have work to do to improve Solomon Islands competitive advantage.
“As the nation prepares to celebrate its 40th Independence Anniversary, it is prudent that we as a nation pause to think strategically to set our road map for the next 40 years.
“It is critical now to be setting priorities for investment, business and economic development.”
The Prime Minister’s Breakfast Address comes at the back of a Memorandum of Understanding (MoU) SICCI and the Government signed on 6 July last year.
Mr Hou said the MOU is one of the strategies aimed at addressing the shortcomings of the current Trade Policy Framework in Solomon Islands.
“The MoU will pave the way for more meaningful collaboration between the Private Sector and the Government.
“It will further strengthen the Government’s policy on private sector participation and engagement in the economic development of Solomon Islands.”
Prime Minister Hou said that he was pleased to note that following the signing of that MOU a designated Advisory Group has been very active.
He said he looks forward to seeing the outcomes of the Group’s work.