An Australian Trade Mission conducted a recent visit to Solomon Islands last week to explore potential trade and investment opportunities in the country.The Mission comprised representatives from over a dozen Australian companies with commercial interests covering a range of sectors, including mining, freight, construction, engineering, IT and law.
At a reception hosted by the Australian High Commissioner Matt Anderson, Mr Anderson said there was currently a growing window of opportunity for investment in Solomon Islands.
"Solomon Islands is experiencing a sustained period of economic growth, which has had a positive impact on the business environment.
"In addition, ongoing regulatory reforms will continue to open-up Solomon Islands' many business opportunities to foreign investors.
"Barriers to investment do remain but the Solomon Islands Government, with the help of Australia and other donors, is working hard to address these challenges," said Mr Anderson.
The Mission delegates met with a range of stakeholders during their week-long visit, including Government Ministers and officials, the Central Bank Governor and members of the Solomon Islands Chamber of Commerce and Industry.
The delegates also visited some of Solomon Islands' major investment projects, including Gold Ridge Mine and Guadalcanal Plains Palm Oil Limited (GPPOL). Some delegates travelled as far as Western Province and Central Province.
The Australian Trade Mission was organised by the Australia Pacific Islands Business Council in conjunction with the Australian High Commission.
Source: Press Release, Australian High Commission, Solomon Islands