A prosperous trade and investment climate requires comprehensive policies which are applied consistently to encourage certainty, predictability and credibility, both domestically and internationally. In formulating a set of realistic trade policies, the Diagnostic Trade Integration Study (DTIS) and the Trade Policy Framework (TPF) both aim to integrate trade specific policies into the wider sectoral and national development strategies of Solomon Islands. Formulating clear and workable objectives encourages the broad institutional support required to achieve the stated aims of poverty reduction and sustained and inclusive growth.
Diagnostic Trade Integration Study
The Diagnostic Trade Integration Study (DTIS) completed in 2009 represents an important milestone in the process of developing a coherent approach to trade policy and trade related policy formulation, interlinking national activities, developing domestic legislation, identifying trade related technical assistance, prioritising trade agreements and mainstreaming trade policy into broader government planning processes. The action matrix comprising policy reform measures and capacity strengthening activities helped formulate the projects that have been and continue to be funded under the Enhanced Integrated Framework (EIF), specifically in the agricultural and tourism sectors.
To find out more about the DTIS, click the link in the resources section and download.
Trade Policy Framework
The long term vision of the Trade Policy Framework is to:
Build the productive capacity of the Solomon Islands economy via sustainable trade and investment. The resulting creation of wealth and employment opportunities is aimed at promoting human development, reducing poverty and improving the living standards for Solomon Islanders.’
Solomon Islands’ dedicated Trade Policy Framework (TPF) 2015 is an ambitious document outlining policy measures and strategies which seek to transform Solomon Islands into an internationally competitive and dynamic economy that reaches out to the Pacific and beyond. As the government’s comprehensive guide to trade policy, it effectively coordinates decision making and builds institutional support for trade policies to ensure effective participation in international trade by government, private sector and civil society. The objectives of the TPF are incorporated into the wider National Development Strategy, exemplifying trade as an area of strategic importance to Solomon Islands.
The National Trade Development Council (NTDC) is responsible for coordinating the implementation of the TPF. More information on the work of the Council can be found here.
To find out more about the TPF, click the link in the resources section and download.