Freight Assistance Package Provides Relief to Pacific Exporters
Pacific Islands Forum Secretary General, Dame Meg Taylor, said PTI Australia’s Freight Assistance Package is a proactive example of understanding and alleviating pain points currently facing the region’s private sector.
Source: Supplied Monday, 19 April 2021 09:48 AM
Pacific Trade Invest (PTI) Australia’s 2020 Pacific Islands Export Survey revealed that freight costs are one of the top three barriers to export faced by Pacific businesses, which was further exacerbated when COVID-19 drastically affected shipping routes and thus inflated costs.
To support Pacific exporters in the wake of COVID-19, PTI Australia launched the COVID-19 Freight Assistance Package in late 2020 and has now seen over 30 successful applicants receive the monetary grant.
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Vishaal Kumar
27 January, 2021, 5:12 pm
EU Ambassador to the Pacific Sujiro Seam (left) and Pacific Islands Forum Secretary General, Dame Meg Taylor during the MOU signing today. Picture: RAMA.
The European Union(EU) was a business partner for the Pacific.
These were the sentiments shared by Ambassador of the European Union for the Pacific, Sujiro Seam while speaking at the signing of a new project worth EUR 5.75 million ($F 14.3 million) with the Pacific Islands Forum Secretary General this morning to enhance the trade capacity of Pacific countries.
The project titled “Strengthening Pacific Intra -Regional and International Trade (SPIRIT)” (SPIRIT) aims at boosting and increasing intra-regional and international trade by strengthening institutional and technical capacity in the region. It will facilitate the implementation of trade agreements, in particular the Economic Partnership Agreement (EPA) and of the Pacific’s Aid-for-Trade Strategy 2020-2025. SPIRIT w