23 Sep 2005

Solomon Islands says it's committed to foreign investment

1:31 pm on 23 September 2005

Solomon Islands says it is committed to ensuring that it adopts a foreign investment act that will facilitate trade and investment.

The Prime Minister, Sir Allan Kemakeza, says the government envisages a Foreign Investment Act that will not only encourage foreigners to invest but will also help locals engage in trade and business activities.

Speaking at the launch of a three-day Taiwan Trade fair in Honiara, Sir Allan indicated the country wants a vibrant private sector and therefore needs to ensure the Investment Act will lure investors.

He says in this push, Solomon Islands wants Taiwan to increase its trade and investment so other can follow suit.

And he adds the country should utilise the opportunities that the technology island of Taiwan offers to develop Solomon Islands' abundant resources.