The National Trade Development Committee (NTDC) of Vanuatu will host its second meeting of the year on Friday, July 21, 2017, at the Melanesian Hotel Conference Room in Port Vila.
The meeting will be chaired by the Deputy Prime Minister and Minister responsible for the Ministry of Tourism, Trade, Commerce and Ni-Vanuatu Business, Joe Natuman.
Convened three times a year since 2012, the NTDC consists of private sector representatives and all Director Generals, Directors and Heads of Statutory Bodies responsible for trade-related matters.
The NTDC is the central body for coordinating trade policy and prioritising Aid-for-Trade (AfT) projects, both of which are crucial for Vanuatu’s development. As a small archipelago, there is limited existing wealth within Vanuatu, which means that in order to grow Vanuatu must look to tap into foreign markets, whose wealth can drive development.
The NTDC meeting will hear a number of presentations, including both regular trade-related projects and one-off just for this meeting.
This includes a presentation on the update on the upcoming Eleventh European Union Development Fund Program (EDF11) that is expected to finalize the Government’s approach to how to spend this money.
The meeting will also include recent developments in both the Department of Industry (DoI) and the Department of Agriculture and Rural Development (DARD).
The meeting will also hear a presentation from the Pacific Islands Forum Secretariat (PIFS) regarding the Regional Mobility and Harmonisation of Business practises in the Pacific.
This should be interesting as the presentation is expected to provide proposals that the PIFS is working on to ease the cost of doing business locally and regionally.
The NTDC would like to extend its acknowledgement to the Enhanced Integrated Framework for its continued support.