The Ministry of Foreign Affairs and External Trade will today launch a study for the future of economic development of the Solomon Islands.

The study, titled Diagnostic Trade Integration Study or DTIS, was an essential first step in the Integrated Framework process for Trade-related Technical Assistance to least developed countries, established under the auspices of the World Trade Organisation.

The study was carried out between 2007 and 2009 involving both international and national consultants in the country.

It is the first major nationwide initiative to analyze the current trade landscape of Solomon Islands and identify priority areas.

Prime Minister Dr Derek Sikua will officially launch the study today morning.

Meanwhile, the Minister of Foreign Affairs William Haomae has praised the completion of the Diagnostic Trade Integration Study on the future economic development of the country, as an exciting milestone.

Mr Haomae was presenting the background of the study due to be launched today at the Solomon Kitano Mendana Hotel.

He says the study has recommended the Solomon Islands Integrated Network to commence with mobilizing trade-related assistance and addressing the priority areas identified in the study.

"These recommendations span all sectors of the economy and will require the combined effort and cooperation of all stakeholders in trade to ensure that it can play its role in promoting economic development in Solomon Islands."

He says the study can play a role in guiding a national trade strategy for Solomon Islands.