That was according to Opposition MP Manasseh Sogavare.
Speaking in parliament recently, he said the country must stay relevant if we are to benefit from these changes.
“This is especially true for our taxation policies, which must be structured to advance Solomon Islands’ competitiveness in the global economy,” Sogavare said.
“To maximise our benefits would require us to aggressively pursue an economic development strategy leaning towards encouraging the growth of export oriented activities.”
Sogavare points out that at the end of the day, our export needs must be dictated by our comparative advantage.
“I am yet to see a concerted effort by the government to achieve this economic objective.
“I believe the first concrete step towards achieving this objective must require the country to rethink its trade policy.
“There has to be a deliberate policy intention to adopt an export oriented trade policy as opposed to import substitute.
“Such thinking can have powerful, positive influence over the structure of the country’s investment attraction strategy, which will be naturally inclined towards export oriented activities,” Sogavare said.
He told parliament it has been proven world-wide that that countries that enjoy economic growth are those that espoused export oriented trade policy.
Parliament resumes today.
|< Prev||Next >|