The U.S.–Pacific Islands Business Forum, held in New York, spotlighted the strengthening ties in trade and investment between the United States and the Pacific Islands. U.S. Deputy Secretary of State Christopher Landau emphasized the importance of these growing connections and confirmed upcoming financial backing for Pacific fisheries, signifying a robust commitment to environmental and economic health in the region.
A spokesperson for Landau announced that the U.S. plans to release the second installment of a $60 million contribution to the Pacific Islands Forum Fisheries Agency. This funding is part of a long-term Economic Assistance Agreement associated with the South Pacific Tuna Treaty. The financial injection will empower U.S.-flagged vessels to operate in the exclusive economic zones of 16 Pacific Island countries, thereby contributing significantly to the U.S. economy.
The forum was organized by the Business Council for International Understanding alongside the United Nations General Assembly, bringing together Pacific Islands Forum members, U.S. officials, and key business leaders from sectors like infrastructure, energy, agriculture, technology, and defense. Landau shared observations from his visits to Papua New Guinea, Palau, and the Marshall Islands, underscoring new collaboration opportunities stemming from recent U.S. initiatives. Notably, the U.S. Millennium Challenge Corporation has chosen Fiji for a compact program and Tonga for a threshold program, further cementing strategic partnerships.
Pacific leaders emphasized the urgent need for deeper U.S. commercial ties and enhanced public-private partnerships to address regional challenges and boost economic growth. Esteemed attendees included President Surangel Whipps Jr. of Palau and Prime Minister James Marape of Papua New Guinea. The forum was co-hosted with prominent corporations such as Newmont Corporation, Viasat, and Atlas Air.
This ongoing dialogue and financial backing highlight America’s dedication to a “free, open, and prosperous Pacific” through diplomacy and economic engagements, including the forthcoming U.S.–Pacific Islands Forum Leaders Summit. By ensuring that Pacific leaders’ voices guide cooperative efforts, the U.S. aims to secure sustainable fisheries management and bolster private-sector engagement. These initiatives promise to enhance regional resilience and mutual prosperity, benefiting both Pacific communities and U.S. interests.