P130 - TIMOR LESTE
Targeted Support on Trade and Investment – Timor-Leste+5—European Union Business, Trade & Investment Conference, 2021
BENEFICIARIES
Timor-Leste
OTHER BENEFICIARIES
- Fiji
- Samoa
- Solomon Islands
- Tonga
- PNG-EU Business Council
- PNG Investment Promotion Authority (IPA)
- PNG National Trade Office (NTO)
- PNG Department of Commerce and Industry
SUPPORT INSITITUTION
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Timor-Leste Ministry for Foreign Affairs and Trade; Timor-Leste Business Council; Timor-Leste Ministry of Commerce and Industry; Other Trade Support Institutions; The European Delegation in PNG; The European Delegation in Fiji; The European Delegation in Timor Leste; DG Trade |
PROJECT COVERAGE
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The Programme aims at stimulate more trade and investment between the Pacific Islands Countries (PICs) and the EU and the beneficial integration of Timor-Leste+5 (Fiji, Samoa, Solomon Islands, Tonga and Papua New Guinea) into the regional and global economy and, thereby, contribute to sustainable economic development and poverty reduction. Four-fold purposes: The programme a) strengthen business, trade and investment ties between the EU and Timor-Leste+5 (plus Fiji, Samoa, Solomon Islands, Tonga and PNG); b) provide adequate information on key commercial and investment sectors in Timor-Leste+5 (Fiji, Samoa, Solomon Islands, Tonga and PNG) to European business operators in the Pacific region; c) To capacitate the key beneficiaries on the key business, trade and investment focus of the conference and own this B2B event; and d) To raise Businesses’ awareness and ownership of the benefits of the EPA between the EU and Timor-Leste/PNG/Fiji/Samoa/Solomon Islands (plus Tonga.. Twelve-fold programme outputs: The Support Programme contributed to: |
- Launch and operationalize a PNG-EU Business Council;
- The short readable version of the final report of the first EU-PNG Business, Trade & Investment Conference;
- An updated EPA brochure;
- Promote Timor-Leste+5 (plus Fiji, Samoa, Solomon Islands, Tonga and PNG) and EU business exchange;
- Updated measures to address challenges of the good practices for entering the PNG/Fiji/Samoa/Solomon Islands/Tonga/Timor-Leste markets;
- Widely Share the Good practices for entering the PNG/Fiji/Samoa/Solomon Islands/Tonga/Timor-Leste markets;
- Sectoral business intelligence and assessment of way forward;
- User-friendly summaries of development strategies for specific sectors discussed at the first EU-PNG Business, Trade and Investment Conference (agriculture, energy, forestry, infrastructure, ICT and services, etc.);
- Update / preparation of trade protocols handbooks for key products including coffee and cocoa and an additional one among: rubber saps, vanilla, fish and marine products, wood products, copra;
- Technical skills of the key beneficiaries to handle and own the B2B Conference issues are strengthened;
- Businesses and partners are aware of the EPA benefits beyond fisheries and measures to exploit these opportunities and address the inherent challenges;
- Businesses are aware of trade and investment opportunities consistent with sustainable development, EPA principles and the sustainable management of natural capital.
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Intervention areas: |
- Timor-Leste+5 (PNG/Fiji/Samoa/Solomon Islands/Tonga)-EU business conference; Investment climate; EPA; Fisheries; Competitiveness.
RESULTS ACHIEVED
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Purpose 1: To strengthen business, trade and investment ties between the EU and Timor-Leste+5 (plus Fiji, Samoa, Solomon Islands, Tonga and PNG) |
- PNG-EU Business Council formerly launched;
- The short readable version of the final report of the first EU-PNG Business, Trade & Investment Conference prepared and widely disseminated;
- PNG and EU business exchange promoted.
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Purpose 2: To provide adequate information on key commercial and investment sectors in Timor-Leste+5 (Fiji, Samoa, Solomon Islands, Tonga and PNG) to European business operators in the Pacific region |
- Good practices for entering the PNG market are shared and challenges are identified;
- Sectoral business intelligence, final report and assessment of way forward completed;
- User-friendly summaries of development strategies for specific sectors discussed at the EU-PNG Business, Trade and Investment Conference (agriculture, energy, forestry, infrastructure, ICT and services) prepared and widely shared;
- Trade protocols for key products prepared
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Purpose 3: To raise Businesses’ awareness and ownership of the benefits of the EPA between the EU and PNG/Fiji/Samoa/Solomon Islands |
- Businesses’ interest to exploit EPA benefits beyond fisheries.
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Purpose 4: To raise Businesses’ awareness and ownership of the benefits of the EPA between the EU and Timor-Leste/Fiji/Samoa/Solomon Islands (plus Tonga and PNG). |
- Business and partners are aware of the EPA benefits beyond fisheries and measured to exploit these opportunities and the inherent challenges;
- Business and partners are of the EU perspectives on trade and investment aspects of sustainable development;
- Businesses are aware of trade and investment opportunities in environmental goods and services consistent with sustainable development and EPA principles.
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