16. Khan hafiz

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16. Khan hafiz

  1. 1. Role of the Private Sector inEnhancing Sustainable Trade and Investment Presentation by the Chairman of PIPSO, Mr Hafiz Khan Mauritius, 23-24 April 2012
  2. 2. Challenges of the Private Sector in the Pacific Region Small size economies and widely spread across the Pacific Ocean Low Investment Levels Lack of access to Finance Political Instability, law and order and corruption Poor Infrastructure – High Cost of Fuel, Transport & Telecommunication Legal systems are outmoded and regulatory Lack of Engagement of Government with Private Sector Limited engagement of Private Sector in Trade Talks to craft agreements and programs Climate Change Lack of Support for Private Sector organisations both at national and regional level
  3. 3. Key Elements to Facilitate Sustainable Growth in the Private Sector Stable Government and Political Environment Increase Level of Investments – Both Domestic and Foreign Adequate Infrastructure Increase Incentives for alternative Fuel Source – Green Energy Reform outdated laws and lessen regulatory burdens on companies Increase Government and Private Sector Dialogue Increase Private Sector Engagement on Trade Talks Improve access to Finance – regional fund facility Business Development Support - to improve product quality and market access
  4. 4. Incentives to be in Place to Promote Regional Trade & Value Addition in Agriculture Products Accelerate the harmonization of bio-security and customs arrangements for the Pacific Islands to increase intra regional trade Increase private sector participation in trade consultations and negotiations before reaching the final agreement Increase business development support to private sector to improve product quality, certifications, standards for export purposes especially for agriculture products The need for a regional testing facility to test product quality for all exported products from the Pacific Increase Trade Missions Support within the Pacific and to International Markets Increase technical assistance in the area of value adding for agriculture products

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