TRADE, INVESTMENT AND CREATIVE ECONOMY FORUM
Convened under the theme “Stepping closer toward economic recovery”, the forum will bring in speakers from the participating countries to envision how trade, investment and creative economy can help to speed up the economic recovery process post-COVID 19 in the region. The forum will be held virtually on Thursday, 28 October 2021, 15.00 – 17.00 NZT.
COVID-19 pandemic has severely taken a toll on national economies and people’s livelihoods, particularly for the Pacific islands countries which rely heavily on tourism. Tourism is one of the sectors that are hardly hit by border closures due to COVID-19 pandemic.
Due to the restrictions for people movement globally, countries have no other choice but to adapt, evolve and learn to live alongside COVID-19. Pacific countries will need to diversify its industries which shall be achieved through strengthening trade, investment and creative economy strategies. Countries need to ensure that seamless flow of goods, services and investment to provide sustainable economy.
To folster economic growth, the creative economy industries play a pivotal role in bringing all aspects of economy are lured and joining without leaving everyone behind. In this regards, SMEs are the main driver of creative economy from culinary, music, art, televisoin and radio, pblishing, caft, fashion etc.
As a market with more than 300 million people and and USD 2,4 billion trade value, the Pacific region is a very lucrative region and the engine of growth amidst the tumultous uncertainty of world’s economic recovery. The market of no boundries when the Pacific countries can make us existing trading blocs, namely AANZ FTA, RCEP etc. In addition, the PACER Plus, which sets a trading rules for the region and aim to make it easier to businesses to trade around Pacific, plays an important role in this effort.
Therefore, in this forum, ministers responsible for trade and investment from Pacific Nations are expected to exchange experiences and views on policies designed to overcome the post pandemic ripple effect towards economic recovery and how to build resilience in the post-COVID future.
This forum will be participated by Chief Executive Officers, Business Practitioners, Government Officials and other related private sectors within the Pacific Region.