Policy revamp

The Fiji Times Online:

Tuesday, 19 April 2016

A revamp of Tonga's national trade and policy framework is expected to help guide the kingdom mainstream trade into its national development strategy.

A statement from the Pacific Islands Forum Secretariat yesterday said a joint team from the PIFS and the Geneva-based International Trade Centre are in Nuku'alofa, at the request of the government of Tonga to assist the kingdom revitalise the formulation of its national trade and investment policy framework.

According to the PIFS, the revamp of the country's trade and investment policy framework would help the government point to policy instruments that could improve Tonga's trade performance.

The revamp is also expected to provide guidance on how to mobilise resources to support necessary domestic reforms, trade-related adjustments and in building the private sector's productive capacity to produce and supply value-added products and services into international markets.

Tonga's secretary for Foreign Affairs and Trade Va'inga Tone said: "The Ministry of Foreign Affairs and Trade is seeking to develop a coherent trade policy framework within which the various strands of multilateral, regional and bilateral rights, obligations and negotiating objectives can be drawn together and aligned with national strategies for private sector development and export promotion".

ITC executive director Arancha González said: "ITC is pleased to be joining forces with PIFS to support the Government of Tonga and the private sector in boosting the country's exports".

Read story: The Fiji Times Online

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