Prime Minister Sitiveni Rabuka has emphasized the distinct nature of two significant World Bank-supported initiatives: the Pacific Healthy Islands Transformation Project and the Accelerating Trade Facilitation and Logistics in the Pacific Project. During his address regarding the latter project, he outlined its objectives, which include modernizing customs operations, enhancing logistics systems, and improving regional cooperation to streamline trade across the Pacific.
The Accelerating Trade Facilitation and Logistics in the Pacific Project involves collaboration among six Pacific Island nations—Fiji, Vanuatu, Solomon Islands, Tonga, Tuvalu, and Kiribati. For Fiji specifically, this project aims to modernize the national customs management system, facilitating better data exchange with trading partners. Rabuka pointed out that improving connectivity is essential for addressing long-standing supply chain issues and lowering transportation costs.
He reiterated the importance of trade efficiency, noting that the contemporary trade landscape relies heavily on speed, transparency, and information access. He stressed that digitalization will play a pivotal role in achieving these goals.
Member of Parliament Premila Kumar raised queries concerning the project’s financial implications and timeline, prompting Rabuka to respond that the project’s development timeline is contingent upon the cooperation of national authorities and international agencies involved. He assured that progress would be monitored using international benchmarks, including the World Bank’s “Business Ready” report and the Time Release Study by the World Customs Organization, both of which assess effectiveness in customs and border operations.
Rabuka’s proactive measures in fostering trade ties and enhancing regional collaboration reflect the ongoing commitment to sustainable economic growth in the Pacific. This project holds potential benefits not only for trade but also for broader economic development in the region, underscoring a significant shift towards modern and integrated trading practices.