SI moves forward in creating conducive business environment

Participants attending the two days NZ Business Council Conference on Tuesday in Honiara
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Participants attending the two days NZ Business Council Conference on Tuesday in Honiara

THE Solomon Islands Government has taken radical steps in many key areas in an endeavour to create conducive environment that is important for business operation.

Minister for Commerce, Industry, Labour and Immigration (MCILI) Hon Willie Marau said yesterday that there are lots of areas reformed and still under reform as government is trying to establish a foundation that will influence and foster businesses in the country.

“For example, changes in the communications market through legislative reforms in its telecommunications are open up the market.

“Significantly, the changes that results to the Foreign Investment Act 2009, the Company Act 2010, and the Immigration Act 2012,” he said.

Marau said an ongoing legislation reform is taking place with regards to land reform looking at addressing land issue in the country.

Adding there is a move to amend relevant laws to improve Payment System Legislation and preparation toward passing the Special Economic Zone legislation that will attract foreign investments.

He said there are also other important national projects coming up that will help to reduce the cost of doing business in Solomon Islands.

Marau said they include, Tina Hydro Project, Undersea Cable Project and Mamara Township Project.

He said the introduction of the first Competition and Consumer Policy creates a fair and robust trading environment prepared towards the enactment of the Micro, Small and Medium (MSME) legislation.

Marau said the government through InvestSolomons always prioritises the need for investor satisfaction and encourage transparent facilitation process for business registration.

He said SI government prioritises sectors such as tourism development, manufacturing, energy and mineral sector, fishery sector, agriculture and livestock, infrastructure include other services sector.