The Pacific Trade Invest (PTI) Network Independent Advisory Board met for its fifth meeting this week in Auckland, New Zealand.

The meeting was chaired by the Secretary General of the Pacific Islands Forum (PIF), Henry Puna. Key on the agenda was the Implementation plan for the 2050 Strategy, Trade and Investment opportunities for the Pacific region, and the recently endorsed PTI Strategic Plan 2023 – 2026 by the Forum Trade Ministers at its meeting earlier this month.

“Since its inception in 2021, the PTI Network Independent Advisory Board has been instrumental in providing strategic advice and guidance from a private sector perspective on emerging trade and investment opportunities, as well as challenges confronting Pacific businesses. The Board plays a critical role in ensuring regional policy decisions affecting the private sector is not made in isolation but takes onboard the views and concerns of private sector practitioners,” said Puna.

Secretary General Puna emphasized the importance of working as a collective amidst the complexities of new and emerging challenges that come with the advancement of digital economy and technology, geopolitical manoeuvrings, and economic headwinds.

“The 2050 Strategy represents our collective vision for the future that we want to create for our children and grandchildren. It is a strategy that will require the support, investment, and partnership of all stakeholders – governments, private sector, development partners and non-governmental organisations, he said.

The meeting highlighted the substantial progress made in fostering economic growth, trade, and investment opportunities for the Pacific Island nations. The board members reiterated its commitment to advancing the economic interests of the region.

The Independent Advisory Board will continue in its role, providing strategic oversight and guidance to the PIF Secretary General to ensure that the Pacific’s economic interests are at the forefront of decision-making.

Furthering collaboration with the private sector, the network welcomed insights from the Pacific Islands Private Sector Organisation (PIPSO). Their invaluable input and partnership will be pivotal in strengthening the foundation of the PTI network.

The PTI Board continues to play a pivotal role in driving initiatives that stimulate economic growth and development across the Pacific. Current PTI Network Board members are Michelle Macdonald (Samoa), Vani Nades (PNG), Fletcher Melvin (Cook Is) and Ian Clarke (Aust).