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The third Melanesia Spearhead Group (MSG) investment roadshow and Trade fair has begun in Noumea, New Caledonia on Tuesday with a trade and investment seminar.
Discussions took place between relevant agencies and private sector on various trade and investment opportunities.
The discussions also focused on how investors can take advantage of the potential opportunities and how Governments can help remove impediments to investment within the MSG countries.
The seminar will be followed by a two day trade fair which begins today (Thursday).
The inaugural event was officially opened on behalf of the Chair of the Trade Ministers Meeting (TMM) by, Madame Caroline Machoro-Reignier from the FLNKS.
Delivering the keynote address during the opening of the three day event yesterday Madame Caroline told delegates that leaders from the five Melanesian must help their private sectors in order for trade to prosper between the five Melanesian countries.
“Without the private sector, our countries will have high unemployment rates and this would not reflect well on our countries.
“I urge our leaders to make use of the recently concluded MSGTA 3 agreement so that our countries can move forward economically, “Madame Caroline said.
The MSG Trade Agreement, the most successful of its kind in the Pacific, was originally signed in 1993 to spearhead economic integration in our region then revised in 2005 from a positive list to a negative list, and now being re-negotiated, represents a significant shift from the current goods-only agreement to incorporate services, labour mobility and investment.
Trade is one of the key objectives of the MSG amongst other areas and the MSG’s vision for the next 25 years will focus on Economic co-operation and integration and this will remain at the forefront of the MSG objectives.