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FRC HOLDS INFORMATIVE SESSION WITH KEY FOREIGN AFFAIRS & TRADE STAFF | National Parliament of Solomon Islands

TUESDAY 20TH APRIL 2021 Chairman of the Foreign Relations Committee (FRC), Hon. Peter Kenilorea (Jnr) third from right, FRC Committee Members & Secretariat and representatives from the Department of External Trade, Ministry of Foreign Affairs poses for a photo before the deliberations. The Foreign Relations Committee (FRC) has held an informative session with representatives from the Department of External Trade of the Ministry of Foreign Affairs and External Trade on the 13th of April 2021 at the Parliament House. The Foreign Relations Committee, Chaired by Hon. Peter Kenilorea (Jnr) invited key Trade staff from the Ministry to provide an insight into the following areas.

Trans-Tasman bubble means more than just a boost to GDP

This week’s opening of the “trans-Tasman bubble” marks an important milestone on our road to recovery. After a year of closed borders and pent-up frustration, it is welcome news for our tourism and hospitality sector who have been doing it extremely tough, not to mention those who can now reconnect with friends and family across the ditch. In terms of the impact of the travel bubble on economic activity in the months ahead, it is hard to quantify. Much of the reason for that is the world has changed a lot since trans-Tasman travel was last possible. However, looking back we can get a sense of how important this market has previously been.

Gastkommentar - Tektonische Verschiebungen im Pazifik

Gastkommentar - Tektonische Verschiebungen im Pazifik
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Connect to trade

Connect to trade Connect to trade Pandemic has exposed numerous roadblocks to global trade and could even hasten the end of inefficient, paper-based customs procedures. published : 1 Feb 2021 at 12:30 3 Every country trades in goods and services. Not only does trade fuel economic growth and provide jobs, it also raises the living standards of citizens. However, the prolonged Covid-19 pandemic has had a ripple effect throughout global trade and related activities, forcing governments and international organisations to put their heads together to build back a better future. After the deep slump brought on by the pandemic in the second quarter, global merchandise trade rose 11.6% in the third quarter of 2020 thanks to eased lockdowns and production resumption in electronics, textiles and automotive parts, according to World Trade Organization (WTO) data.

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