11 Jul 2005

Vanuatu's council of chiefs and the government agree on 25 points towards economic independence

1:13 pm on 11 July 2005

Vanuatu's National Council of Chiefs and the government have reached agreement on 25 resolutions that seek to further the country's economic independence.

This followed a week-long workshop set up by the Council of Chiefs on how Vanuatu could become more self-reliant.

The Prime Minister, Ham Lini and the Lands Minister, Paul Telukluk, participated in the discussions.

The resolutions have not been released publicly, but our correspondent, Len Garae, says the council had definite ideas on what direction the country should be heading in.

"The objective is to deal with crops as well as traditional wealth, which refers to mats and shell money and pigs tusks, and all that, and these are the ingredients in trying to achieve the economic self-reliance."

Len Garae says the government seemed reponsive to the suggestions.

The island of Pentecost already has a bank which deals in customary items.