By Ezekiel Talatau
OPPORTUNITIES to benefits from the digital economy are within reach, reports by the United Nations Conference on Trade and Development (UNCTAD).
Solomon Islands and Vanuatu will be part of the e-trade for all initiative, this is to helping hand for both the country’s economics as a developing countries.
Solomon Islands undersea cable projects will be one significant aspect to boost fast and reliable internet for e-trade as sign by the Australian government.
Australia will also contributed two-third of 1 million project and was sign by the Solomon Islands Prime minister Rick Houenipwela and Papua New Guinea prime minister peter O’Neill.
The Australian Prime Minister Malcolm Turnbull, stated that, they spend billions of dollars in aid to support pacific countries, and this is way to invest economic growth of our neighbouring countries in the Pacific.
The undersea cable project will also link Australia main land and the two nations, including Solomon islands capital and its provinces.
This undersea cables will moves Solomon Islands to seek economic and diversity to uplift other sectors like, mining, logging to be accompanied with strengthen e-commerce enable sectors like fisheries, agriculture and tourisms stated by the UNCTAD.
UNCTAD also reported that, UNCTAD’s ASYCUDA automated customs system has help Solomon Islands Customs Agency to collected 130 million which is 1 billion SBD in revenue.
Automates system within the custom process times, transparency and time to identity, many of the country imported yields that’s includes food items.