Boosting Solomons ties 'crucial' for Pacific prosperity

April 17, 2023 03:48 PM AEST | By AAPNEWS
 Boosting Solomons ties 'crucial' for Pacific prosperity
Image source: AAPNEWS

Australia is looking to boost its economic relationship with the Solomon Islands amid concerns about the Pacific nation drifting closer to China. 

Assistant Trade Minister Tim Ayres will use a speech at a bilateral business forum to outline Australia's plan to make the Pacific more economically independent. 

Senator Ayres says it will not only help the region's security, but is in line with Australia's moral duty. 

"Economic growth and development are crucial to the stability, security and prosperity of the Pacific," he will say during his keynote address in Brisbane.

"But sitting stalwartly alongside the national security argument is the moral argument."

Twenty two of Australia's 26 nearest neighbours are developing countries.

"We have a moral obligation to act responsibly to help grow economic opportunity for the region while at the same time respecting the sovereignty of our neighbours," Senator Ayres will say. 

The assistant minister says while co-operation between the two nations is strong, there's room to deepen the relationship. 

Around 5000 Solomon Islanders are working in Australia under the Pacific Australia Labour Mobility scheme, with the workers sending an average of $15.2 million back home every month. 

"It is also true that governments have a vital role in driving economic growth and development that is consistent with our national and regional interests," Senator Ayres will say. 

"We're providing more and more Solomon Islanders with the skills they need to set up business and make products on shore."

His speech will also reiterate Australia remains the Solomons' primary security partner after regional tensions heightened when Honiara signed a security pact with Beijing.  

"Australia values our position as Solomon Islands' security and development partner of choice," Senator Ayres will say. 

Senator Ayres says private investment is necessary to continue developing the relationship between the two nations. 

"The Australian government sees Solomon Islands as a long-term partner and I know the Australian business sector does too.

"The opportunities are there waiting to be seized but can only be realised if we listen deeply and act co-operatively on our shared interests and values."


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.