Niue Mat Weaving
THE Pacific Trade Invest (PTI) Network has reported record breaking end-of-year results for 2024, having facilitated over AUD$121 million in export deals and AUD$11.3 million in investment deals for businesses in the Pacific. These export figures represent a new record for the PTI Network, an agency of the Pacific Island Forum (PIF) Secretariat.
With offices in Auckland, Beijing, Geneva, and Sydney, and an organisation with similar services in Tokyo, PTI is tasked by the PIF leaders to facilitate trade and investment deals between the Pacific Island Countries and Territories and the rest of the world. This is achieved through building local capacity and global connections, to support export-ready and investment-ready Pacific businesses to enter and thrive in foreign markets.
In 2024, PTI provided services to over 1100 business professionals across 16 Forum Island Countries, offering strategic resources, promotional opportunities, tangible support, commercial introductions, and more, resulting in record-breaking financial transactions.
PIF Deputy Secretary General โ Governance, Desna Solofa, says that last yearโs final figures reflect PTIโs commitment to delivering sustainable economic development to the region and remaining responsive to changing markets.
โPTIโs outstanding efforts in 2024 are testament to the work being undertaken across the globe to secure and accelerate the Pacificโs economic growth aspirations. Not only are the PTI offices meeting critical deliverables, but exceeding them, and in doing so are setting the stage for continued success for Blue Pacific businesses in the years to come,โ said DSG Solofa.
โBuilding on these efforts and learning from the business environments in all our key markets, will continue to be a key priority for PTI in the years ahead. PTIโs work contributes of our Leaders commitment to collectively strengthen the resilience of Pacific economies, increase opportunities for all Pacific people, and ensure access to employment, entrepreneurship, trade, and investment in the regionโ.
General Manager of the PTI Network, Caleb Jarvis, said last yearโs record-breaking results underscore the resilience and determination of Pacific businesses, while reaffirming the Networkโs continued commitment to supporting the success of the Pacific private sector amid ongoing challenges.
โThe PTI Networkโs achievements in 2024 reflect the collective strength of Pacific businesses and the dedication of our teams around the globe. The recent collaborative report between Pacific Trade Invest and Griffith University, Driving Economic Resilience: Pacific Trade Investโs Decade of Progress, highlights the significant progress made, as well as the ongoing challenges we face, including access to finance, supply chain and logistics constraints, high freight costs, and labour shortages.
โThese challenges remain key areas of focus as we continue working alongside our partners to deliver innovative solutions that support Pacific businesses. The PTI Network is committed to fostering sustainable growth and building economic resilience across the Blue Pacific, said Jarvis.
PIF PRESS
